Inflation Is the Solution
Real Vision: Finance & Investing
00:00
How to Avoid a Debt Crisis When You Have a Deficit to GDP of 8%?
Vincent Cevallos: In the past decade, government deficit was about 3% of GDP. He says that's an equilibrium; it doesn't really rise. Now we're in a era of structurally higher deficit because of retirement and health care expenses. How do you avoid a debt crisis when you have deficit to GDP of 8%, he asks? You need a numerator to grow by 8%.
Play episode from 35:18
Transcript
