The Looming Iceberg Ahead of the US Economy: Les Rubin, Main Street Economics

Les Rubin of Main Street Economics joins the podcast to discuss his chief concern facing not just markets and economies, but the world at large: US sovereign debt.

This podcast episode was recorded on Wednesday, Jan. 22, 2025 and released to premium subscribers the same day. Information on premium subscriptions, including the vast benefits, are available on our Substack.

Content Highlights

• The US economy is headed to 'serious problems' and the guest's mission is to educate people to the gravity of the situation (1:47);
• Debt and fiscal deficits are nothing for the US. But its debt/GDP ratios is reaching a breaking point (2:57);
• How soon might the breaking point arrive? (5:30);
• Is there anything from the new Trump administration that might turn the tide? Elon Musk's DOGE program has promise... (11:02);
• What about tariffs? (16:22);
• Background on the guest (20:36);
• The need for more education: not just financial literacy, but economics (23:55).

More Information on the Guest

• Website: MainStreetEconomics.org;
• YouTube: MainStreetEconomics762;
• LinkedIn: Main-Street-Economics;
• Twitter/X: @MainStreetEcon;
• Instagram: @MainStreetEconomics;
• Facebook: MainStreetEconomics.