The Dark Side of America's Tech Dominance Knut Wicksell, a Swedish economist largely forgotten outside academic circles, has been gaining attention for his 130 year old theory on inflation and economic instability.
His work is being cited as an explanation for why investors continue to fund America's massive debt pile, which stands at nearly $40 trillion.
This phenomenon may seem counterintuitive – after all, most indicators suggest that the US economy is flashing warning signs.