U.S. Markets open in 7 hrs 56 mins

Joe Scarborough Flunks Economics

Matthew O'Brien

1) From the beginning of 2002, when U.S. government debt was at its most recent minimum as a share of GDP, to the end of 2012, the dollar lost 25 percent of its value, in price-adjusted terms, against a basket of the currencies of major trading partners. This may have been because investors fear that the only way out of the current debt problems will be future inflation.3) But the economics profession is beginning to understand that high levels of public debt can slow economic growth, especially when gross general government debt rises above 85 or 90 percent of GDP.

Don't tell anyone, but Powerpoint might have been involved.

More From The Atlantic