Of course, even if it does not narrow the current account deficit by much, reducing the budget deficit would be highly desirable for other reasons: It would free up resources for private investment, and it would reduce the burden on future taxpayers of repaying the federal debt. 2.
Johannes Beermann: Cash of the future Welcome remarks by Dr Johannes Beermann, Member of the Executive Board of the Deutsche Bundesbank, at the Banknote & Currency Conference 2022, Washington DC, 24 February 2022. * * *  1 Introduction Ladies and gentlemen, Thank you for the invitation and kind introduction.