Does External Debt Increase Net Private Wealth?

Please select one of the following articles 

Bookstaber, R., & Gold, J. (2015). In Search of the Liability Asset. Financial Analysts Journal, 71(1), 18“28. https://doi.org/10.2469/faj.v71.n1.3
Li, M., & Mohan-Neill, S. (2013). Does External Debt Increase Net Private Wealth? The Relative Impact of Domestic versus External Debt on the US Demand for Money. Journal of Applied Finance and Banking, 3(5), 85“91. Retrieved from http://search.proquest.com/docview/1449444854/

 
You are required to write a 1,000-word paper addressing the following:

Introduction
Summarizing the major points of the article
Relating the article topic with the concepts covered during the week
Conclusion

This week lesson is about Accounting for Long-Term Liabilities