Jeffrey Sachs Quotes
If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
Jeffrey Sachs
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For states in demographic decline with ever more lavish social programs, the question is a simple one: Can they get real? Can they grow up before they grow old? If not, then they'll end their days in societies dominated by people with a very different worldview.
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If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
Jeffrey Sachs