Should we worry about increasing global (and US) debt?

We confess that we do worry. But we also have heard others say this worry is misplaced. Our guest is John Cochrane of the Hoover Institution, a leading expert in financial economics and macroeconomics, who also happened to be Mitu's favorite professor at the University of Chicago. Maybe that experience (teaching Mitu) helped him develop the patience to field our questions about how to think about the current state of gargantuan sovereign debt stocks. We also talk about the merits of a shift to long-term debt financing.

Producer: Leanna Doty