Do budget deficits matter to the health of the U.S. government and economy?
That's been a hot topic of conversation among economists, especially as debate raged about the most effective way for the government to support folks during the pandemic. And it's been a topic that's popped up on a few of our Keen on Retirement episodes and blogs as well.
But while ideas like modern monetary theory are ... well, just theories right now, the battles in Congress over the federal debt ceiling and President Biden's Build Back Better Plan are going to have some real-world consequences before the end of the year. So, on today's show, we address some of the questions that we have received about federal debt, inflation, market volatility, and long-term retirement planning.