Macro Musings with David Beckworth cover image

Brian Riedl on the Current and Future Outlook for US Public Finance and Budget Reform

Macro Musings with David Beckworth

00:00

The Debate on Interest Rates

Economists often talk about this relationship R versus G. So the real financing costs, real interest costs versus the growth of the economy. I wrote a 10,000 word report arguing that we shouldn't assume interest rates will stay low forever. And my report in December of 2021 not only made the case for why interest rates might rise over the long term, but how much it will cost the budget.

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