If we do not get a sustainable fiscal situation and deficits continue in large amounts for a long period, then it will become more difficult to sell our debt, and interest rates will rise, and they will be counterproductive.
Bernanke warns about the risks of unsustainable fiscal policies on debt and interest rates.
Share & report
More from Ben Bernanke
I think getting rid of too big to fail is an incredibly important objective and we are working in that direction.
I agree that no individual and no institution should be exempt from paying for crimes that they commit.
The sizes of deficits and debt matter, of course, but not all tax and spending programs are created equal with respect to their effects on the economy.
I think everything in the bill is basically fine except for getting rid of this exemption for monetary policy deliberations and operations.
Other voices in this conversation
