When it comes to national debt, the main lesson hawks want to impress on policymakers is the cost of inaction: How much the public will ultimately have to pay if officials don’t address deficits.
Jamie Dimon, CEO of J.P. Morgan Chase, has echoed this warning in the past. It’s better to get ahead of a crisis than wait until it falls into one’s lap, he believes. But speaking on a live podcast with Nicolai Tangen, the CEO of Norges Bank Investment Management (NBIM), Dimon outlined how he sees any reaction to deficit concerns ultimately coming about.
“I’m not that worried” about debt levels, Dimon said, “We’ll be able to deal with it. I just think maturity should say you should deal with it as opposed to let it happen. The…