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

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The Pushback From the Other Side of the Debt Crisis

The argument I was getting up until a year and a half ago was interest rates will never rise. The other point that I often hear on long term debt is either A, perhaps we can handle 2% to 300% of GDP because Japan has 200%. We're not projecting inflation rates in 30 years. Inflation can be up or low. And the retirement of 74 million baby boomers is not a theoretical projection. They walk amongst us.

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