Alan Auerbach Opines on Greek Debt

The Wall Street Journal, The Numbers Guy, February 18, 2012 by Carl Bialik
http://on.wsj.com/GEWpix

“This is, in a sense, an issue of what the right debt measure is,” says Alan Auerbach, an economist at the University of California, Berkeley. “Implicit liabilities belong in there somewhere, although there is no simple aggregation.”