Tonight: Debt Debate – Addressing The $38 Trillion Elephant In The Room
Tonight at 7 pm ET, ZeroHedge and George Gammon (of the Rebel Capitalist show) are hosting a debate over America’s mounting public debt – which now sits at over $38 trillion – and what to do about it.
Our debaters bring two sharply opposing solutions, while Gammon, a self-described anti-government capitalist, moderates this high-stakes debate over how (or whether) the U.S. can navigate its way through record public debt.
Michael Green (Simplify Asset Management): The Keynesian-Growth Case
Green argues that persistent fiscal deficits aren’t a threat but a catalyst. In his view, government spending fuels innovation, productivity, and human progress – allowing growth to outpace obligations.
By extending credit today, America can build the wealth and technology that make tomorrow’s debt affordable.
Key question: Can the nation truly grow its way out of debt, or is that faith misplaced in a slowing world?
Listen to Green explain the virtue of delayed economic pain (about 30 seconds from the marked timestamp):
Patrick Newman (Mises Institute): The case for Default
Newman takes the opposite view: sovereign debt isn’t just risky – it’s immoral. He contends that borrowing today to pay with future taxes amounts to coercion and corruption, a system of privilege that rewards insiders while punishing citizens. His solution is radical honesty – repudiate the debt and dismantle the leviathan state.
Newman’s book Cronyism: Liberty versus Power in Early America takes aim at how even the Founding Fathers helped entrench this exploitative model.
When & Where:
Date: Tonight
Time: 7 pm ET
Platform: Live on the ZeroHedge homepage, X, YouTube & Rumble
Tyler Durden
Thu, 10/23/2025 – 12:45