Benjamin Friedman on the Origins of Economic Belief
Conversations with Tyler
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Understanding Fiscal Sustainability Amid Low Interest Rates
This chapter discusses the complexities of fiscal sustainability, particularly under low long-term interest rates, and the implications for government and private debts. It examines the potential for higher debt levels, critiques the simplistic view of debt reduction in growing economies, and evaluates the impact of fiscal deficits on investment. Additionally, it offers insight into the governance of the Federal Reserve and the speaker's personal journey in economics, highlighting the influence of religion on economic perspectives.
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