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CIC Prince George: U.S. Debt and its Global Implications
March 19, 2021 @ 12:00 pm - 1:30 pm PDT
As national debts around the world surge to historic new highs, the U.S. debt attracts special attention because of the critical role it plays in the global economy. With the U.S. debt projected to grow exponentially over the foreseeable future and no end in sight to deficit spending, what would a significant shock to our current system look like? Such as a rise in interest rates. Could inflation surge out of control? And what could these shocks do to an economy like Canada’s that is so tightly bound to the United States? Join us March 19 at 12:00 pm (Pacific Time) to learn what this learned panel thinks about the future implications of U.S. debt on the global economy, and what we as Canadians should do to prepare for it.
Louise Sheiner is the Robert S. Kerr Senior Fellow in Economic Studies and policy director for the Hutchins Center on Fiscal and Monetary Policy. She has served as an economist with the Board of Governors of the Federal Reserve System since 1993.
Dr. Jack M. Mintz is the President’s Fellow of the School of Public Policy at the University of Calgary after serving as the Palmer Chair and founding Director from January 1, 2008 to June 30, 2015.
Marc Goldwein is the Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, where he guides and conducts research on a wide array of topics related to fiscal policy and the federal budget.