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#130 Dr. Charles Calomiris On Fiscal Dominance And The Return of Zero-Interest Bank Reserve Requirements
Dr. Charles Calomiris, Henry Kaufman Professor of Financial Institutions Emeritus at Columbia Business School, joins The Julia La Roche Show to discuss his recent paper, Fiscal Dominance and the Return of Zero-Interest Bank Reserve Requirements.
In this episode, Dr. Calomiris examines the state of the economy in the near-term and longer-term, as well as the fiscal challenges facing the U.S. According to Dr. Calomiris, there's a significant probability of a fiscal dominance problem arriving in the next decade. Fiscal dominance is the need for the government to fund its deficits on the margin…
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