# Multimedia 

Multimedia 

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- [Podcasts](/podcasts)
- [Cato Video](/multimedia/cato-video)
- [Video Series](/search/category/video-series)
- [Events](/multimedia/events)

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Media Highlights TV • July 16, 2025 

# David Beckworth discusses the historical context of fiscal dominance, the warning signs, and why current debt levels are pushing us closer to stage three on the *Forward Guidance* podcast 

##### Featuring 

[![David Beckworth cropped](/sites/cato.org/files/styles/author_picture/public/2021-06/david-beckworth%20Cropped.jpg?itok=N9Svk4lB)](/people/david-beckworth) 

##### [David Beckworth](/people/david-beckworth)

Adjunct Scholar