Ep. 523 Adam Haman Asks Bob Murphy All About the US Debt
As the federal debt held by the public surpasses GDP, Adam Haman asks Bob Murphy what it means and the options going forward.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Bob’s proposal for reforming federal finances. His proposal for letting people opt out of Social Security. His lecture on debt burdens on future generations.
- The HamanNature substack.
- Help support the Bob Murphy Show.
About the author, Robert
Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.
A little bit off-topic … but Sean Foo has been bringing up some relevant points regarding Japan and the endgame for MMT.
https://www.youtube.com/watch?v=Yj72iLoddjw
It’s interesting, because in Japan a lot of the older people do regard their life insurance policies a bit like a savings account, and Sumitomo Life Insurance does kinda-sorta work like a bank. This brings back echos of Silicon Valley Bank where having long duration government bonds on the balance sheet results in a loss when the central bank hikes rates. Thus, long duration government bonds are not risk free, and even short duration bills are still (to a lesser extent) do contain some risk.
If you can get a chat going with Sean on the topic of saving money, Whole Life policies, printing money, MMT and interest rates … might have some productive outcomes.
Thanks Tel I’ll check it out.