Ben Harris on the Fiscal Health of the US Government

本·哈里斯论美国政府财政健康

Macro Musings with David Beckworth

2025-07-14

55 分钟
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Ben Harris served in numerous high-ranking roles as a public sector economist and is now the vice president and director of economic studies at the Brooking Institution. In Ben’s first appearance on the show, he discusses the fiscal health of the US government, including the rising primary deficient, the impact of the Big Beautiful Bill, the proposition of stablecoins and AI as a solution to our debt, his love of basketball and much more. Check out the transcript for this week’s episode, now with links. Recorded on June 18th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Ben on X: @econ_harris Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:02:01 - Ben’s Career 00:05:18 - Fiscal Health of the United States 00:07:57 - Big Beautiful Bill 00:12:15 - Debts and Deficits 00:14:47 - Costs and Risks of the Rising US Debt 00:37:05 - Stablecoins as a Potential Solution to US Debt 00:41:49 - Debt Ceiling 00:50:02 - AI and the Economy 00:54:58 - Outro
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  • Welcome to Macro Musings,

  • where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past,

  • present and future.

  • I am your host, David Beckworth,

  • a senior research fellow with the Mercatus Center at George Mason University,

  • and I'm glad you decided to join us.

  • Our guest today is Ben Harris.

  • Ben is the vice president and director of economic studies at the Brookings Institution.

  • Ben has also served as a Treasury official,

  • a senior economist at the Council for Economic Advisors for President Obama,

  • and he has served in other roles in government.

  • Ben joins us today to discuss the fiscal outlook for the U.S. government,

  • how we should think about it, and what we can do about it.

  • Ben, welcome to the show.

  • Thanks for having me.

  • It's great to have you on.

  • Now, we first met at a in an event for the Committee for Responsible Federal Budget.

  • We were panelists, and I learned two things about you, Ben.

  • I think we were supposed to represent right of center, left of center,

  • but we ended up having very similar views on the fiscal outlook,