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Dr. Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at University of California, Berkeley, joins Forward Guidance alongside Joseph Wang, CIO of Monetary Macro and writer at FedGuy.com, to discuss his paper at the Federal Reserve\u2019s 2023 Jackson Hole symposium, \u201cLiving with High Public Debt.\u201d Professor Eichengreen also shares his findings on the U.S. dollar\u2019s role as a global reserve currency (\u201cdollar dominance\u201d), financial repression, and central bank digital currencies (CBDCs), and he also shares his views on Modern Monetary Theory (MMT). Filmed on November 28, 2023.\nDr. Eichengreen\u2019s 2023 Jackson Hole paper, \u201cLiving With High Public Debt\u201d: https://www.kansascityfed.org/Jackson%20Hole/documents/9749/Living_With_High_Public_SA_Sep_2_2023.pdf\nComplete agenda for 2023 Jackson Hole Symposium: https://www.kansascityfed.org/research/jackson-hole-economic-symposium/jackson-hole-economic-policy-symposium-structural-shifts-in-the-global-economy/\nMore information on Dr. Eichengreen\u2019s work: https://eml.berkeley.edu/~eichengr/\n__\nUse code FG20 to get 20% off Blockworks\u2019 Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london\n__\nFollow Dr. Barry Eichengreen on Twitter https://twitter.com/B_Eichengreen\nFollow Joseph Wang on Twitter https://twitter.com/FedGuy12\nJoseph\u2019s writings can be found at https://fedguy.com/\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n__\nTimestamps:\n(00:00) Introduction\n(01:33) High Levels of Debt Relative to GDP Are Problematic\n(06:07) Ways By Which Debt-to-GDP Ratios Can Be Lowered\n(14:08) Will Artificial Intelligence (AI) Lead To A Productivity Miracle?\n(19:58) How Bad Does It Have To Get Before A Global Reserve Currency Gets Dethroned?\n(26:31) Central Banks Are Buying More Gold\n(30:31) What Could Erode Dollar's Dominant Position In The World\n(40:39) Dr. Eichengreen's Views On Modern Monetary Theory (MMT)\n(46:05) Is Central Bank Independence Something That's Here To Stay?\n(49:16) Central Bank Digital Currencies (CBDCs)\n(59:49) Dr. Eichengreen's Future Work On China's Economic Slowdown\n__\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.