In a Q&A session, John Cogan dives deeper, helping to understand how to potentially address the problems we face, emphasizing the need to restrain public expenditures and government growth rather than borrow more or simply pay back debt. The key fiscal cost from rising deficits stem not from the debt financing approach itself but rather from expanding public spending that diverts funds from productive investment, resulting in slower economic growth regardless of borrowing method used.
Be sure to visit The Hoover Institution at https://www.hoover.org/ and PolicyEd at https://www.policyed.org/
Check out more from John Cogan:
Watch “Factors that Promote Economic Prosperty” with John Cogan. Available here:
https://www.policyed.org/policy-briefs/john-cogan-factors-promote-economic-prosperity/video
Watch “The Negative Effects of High Taxes” with John Cogan. Available here:
https://www.policyed.org/policy-briefs/john-cogan-negative-effects-high-taxes/video
