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

00:00

The Rich Can't Cover It All

The bond market does not historically predict financial crises very well. They just sneak up on economies and then they hit quickly, he says. He argues that even if interest rates top out at 3% or 3.5%, you still have the debt eventually getting to 250, 300% of GDP. It just happens maybe six years later.

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