
How important is it to address our national debt? – with Paul Ryan and Barry Eichengreen
You Might Be Right
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Is There a Security Risk to the Economy?
I think right now there's liquidity, but we could have a Japan, Malaysia, set a situation where there's a big crowding out. And our interest rates are going to be really higher. So therefore, the higher interest rates, the tougher access to capital is and the more expensive capital is in your economy stagnates. I think if you get this under control and we fix immigration, we're going to have a heck of a great century. But, you know, we'll have some serious stagnation if we don't get thisunder control.
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