We analyze the worrisome national debt situation in the U.S., UK, and Japan and consider what will determine the likelihood of default
Topics covered include:
- How big is the national debt in the U.S., UK, and Japan
- Why Japan and UK interest rates have increased
- When do federal government debts jump the most
- What two numbers are key to whether a level of national debt is sustainable
- What are five ways indebted countries have reduced the relative size of their debt
- Why quantitative easing is not a solution to a national debt crisis
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Show Notes
Debt to the Penny—U.S. Treasury Fiscal Data
Federal Debt and the Debt Limit in 2022—Congressional Research Service
UK government debt and deficit: June 2022—Office for National Statistics
What is the national debt?—U.S. Treasury Fiscal Data
Major Foreign Holder of Treasury Securities—Treasury International Capital System, U.S. Treasury
Related Episodes
295: Federal Reserve Insolvency and Monetizing the National Debt
338: The National Debt, Inflation, and the U.S. Dollar—What Could Go Wrong?
360: Will the U.S. Default? Debt Ceilings, Government Shutdowns, and the National Debt
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