Can you talk to us about what he means by that and what the boundary conditions need to be to grow our way out? First of all, by my calculation, Our average interest rate over the last 50 years on government debt is about 5.8%. So that's 50 years and we're down here about 3, somewhere around 3%. Those are not exact calculations. Listen, that is the hope of all of us. (15:20–15:26)
CLAIM
Asserts that the average interest rate on government debt over the last 50 years is 5.8%.
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