Ben Harris on the Fiscal Health of the US Government
Macro Musings with David Beckworth
00:00
Fiscal Dominance and Economic Stability
This chapter explores the shift in the Federal Reserve's focus from price stability to ensuring the U.S. government's solvency amidst rising debt. It discusses the implications of current fiscal policies, the relationship between high inflation and government spending, and the need for effective counter-cyclical macroeconomic strategies. The conversation emphasizes historical lessons and the challenges of navigating fiscal reforms in a politically gridlocked environment.
Transcript
Play full episode
