How to think about the federal debt and deficits? Is calamity coming?
Geoffrey Woglom, Professor of Economics Emeritus at Amherst College discusses traditional ideas of the economic costs of the debt and how recent events have caused economists to think harder about the issues. In particular:
* What is the long term debt picture?
* How much should we worry about it?
* Are we right to ignore the debt as we battle the Coronavirus?
* Is a consensus forming around Modern Monetary Theory?
* What are the causes and potential solutions to the pre-pandemic Debt?
* What are the implications of our long term debt picture?
* Is doing nothing an option or do we risk economic armageddon?
Join us for a conversation that will provide a deeper understanding of how economists think about and perceive our current debt trajectory.
Geoffrey Woglom is a Professor of Economics Emeritus at Amherst College where he taught for over 40 years. During his career, he has been a consultant at the Federal Reserve Board and the International Monetary fund and held visiting positions at Harvard, Cambridge, LSE, and Nanjing universities.