Unthinkable to Default on the U.S. Debt

Charles W. Eliot University Professor and President Emeritus at Harvard University

January 22nd, 2013

In a conversation with CNBC’s Bernie Lo in Hong Kong on January 15, 2013, Larry Summers said, “It should be unthinkable to default on debt in the United States… after 200 years the thought that the full faith in credit of the U.S could be called into question is unthinkable.” Watch the video here.