Macro Musings with David Beckworth cover image

Thomas Hoenig on Public Debt Sustainability and the Current State of the US Banking System

Macro Musings with David Beckworth

CHAPTER

Addressing Public Debt and the Need for Entitlement Reform

The chapter explores the need for significant reforms to address the growing public debt and the implications for Social Security and Medicare. It delves into the potential consequences of wealth transfer from younger to older generations and the potential for future social unrest.

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