Harvard's Furman on Ending D.C.'s Debt Obsession

The transcript discusses the evolving views on deficits and modern monetary theory, highlighting changes in economic conditions and their impact on fiscal policy. It examines the relationship between deficits and interest rates, the role of tax reforms in increasing revenue, and concerns about the dollar's status amid rising debt. The conversation emphasizes the need for a balanced approach to fiscal policy, considering both current economic conditions and future implications.

What is the modern monetary theory and how does it relate to the current views on deficits?

How have the views on fiscal consolidation changed over the years, particularly in organizations like the International Monetary Fund?

What factors contributed to the importance of reducing the deficit during the presidencies of George H.W. Bush and Bill Clinton?

How do tax cuts in the past decades relate to the current budget deficit?

Discuss the relationship between interest rates and deficits as presented in the text.

What are the potential consequences of increasing debt sales by the Treasury according to the discussion?

What limiting principles are suggested to manage the existing deficit and debt?