Oct 16, 2019
US Federal debt is at its highest level as a percentage of GDP since the World War II era. What explains its recent acceleration? Why should we be worried about the debt, especially given historically low interest rates? What impact have the Trump tax cuts had on it? And what, if anything, should we do to put our fiscal house in order?
Our guest in this episode of Policy Matters is Dr. Jorge Barro, fellow in public finance here at the Baker Institute. His area of research involves the development of dynamic macroeconomic models for fiscal policy evaluation.