GZERO World with Ian Bremmer cover image

Fix the global debt crisis before it's too late, warns World Bank's David Malpass

GZERO World with Ian Bremmer

CHAPTER

The Importance of Fiscal Constraint in the US

Germany understands deeply fiscal constraint, but that goes back to pre World War II. Germany had huge growth for 50 years as they followed those principles. And it caused a giant post World War II advanced there. The US Constitution doesn't have a debt limit in it. So we're stuck with this debt limit law that's a hundred years old That hasn't worked for a hundred years. Now, I continue to get people randomly saying we should mint a trillion dollar point.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner