Nobel laureate Paul Krugman argues that growing US debt concerns are unwarranted, comparing it to post-WWII levels.

Nobel laureate Paul Krugman claims growing US debt concerns are unwarranted, comparing the current $34 trillion debt to levels seen at the end of WWII and noting that neither Japan's nor the UK's postwar debt triggered a crisis. Most debt crises historically occurred in countries borrowing in another's currency, and while US debt has increased, it has done so without a comparable emergency. Krugman suggests an easy way to stabilize US debt.