The David Rubenstein Show David Solomon
Nov 6, 2025
David Solomon, the Chairman and CEO of Goldman Sachs, shares insights on the U.S. economy and the pressing $38 trillion debt issue, warning of a potential reckoning ahead. He perceives a low recession risk shortly and emphasizes AI's role as a growth catalyst, albeit with caution on possible bubbles. Solomon discusses the dollar's resilience as the global reserve currency and highlights the significance of blockchain while remaining skeptical about Bitcoin's long-term value. He also reflects on workplace flexibility post-COVID and the importance of mentorship in leadership.
AI Snips
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Transcript
Episode notes
Protect Central Bank Independence
- Central bank independence has broadly served economies well and must be defended.
- David Solomon warns we should speak out for and strive to protect that independence.
Debt Problem Needs Growth, Not Just Revenue
- U.S. debt rose from $7T to $38T and refinancing will push it into the low $40Ts absent growth.
- Solomon says the path out is stronger economic growth, not primarily higher revenue or taxes.
Prioritize Growth-Boosting Investments
- Focus on policies and investments that lift trend growth toward 3% rather than relying on revenue fixes.
- Prioritize technology and productivity gains, especially AI adoption, to raise long-term growth.