Barry Eichengreen, the Distinguished Professor of Economics and Political Science at UC Berkeley, discusses the effect on rising debt levels in the U.S. on the economy and growth.
*This video was recorded on April 26, 2024
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0:00) - Intro 2:17) - Debt crisis 7:00) - Capital gains tax increase 9:20) - Public debt and emergencies 13:38) - Fiscal dominance 15:00) - Debt failures 16:16) - Argentina and dollarization 17:10) - Debt consolidation 19:45) - Optimal tax rate 21:23) - How to cut debt 23:27) - MMT 24:00) - Debt and stock markets 26:00) - History of reserve assets 27:42) - Will China supplant U.S. 30:33) - New world reserve currency 32:50) - CBDCs 39:40) - Dedollarization