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Will the U.S. Default? Debt Ceilings, Government Shutdowns, and the National Debt
Manage episode 303422569 series 2137790
Why the U.S. is closing in on both a debt default and a government shutdown.
Topics covered include:
- How a government shutdown differs from a debt ceiling crisis
- Why hasn't Congress passed legislation to fund the government and raise the debt limit
- How refusing to increase the debt ceiling could impact Social Security
- How big is the national debt and who owns it
- Why we never know how much federal debt is too much: Japan vs the U.S.
- How federal debt is used and how it has led to financial innovation
- Why countries default on their debt
- What are some of the challenges with central banks pegging interest rates and monetizing the debt
- What could cause the U.S. dollar to crash and inflation to soar
Thanks to Alto CryptoIRA and LinkedIn for sponsoring the episode.
For more information on this episode click here.
Show Notes
America’s debt ceiling is a disaster, though fiscal rules can help—The Economist
Treasury Bulletin, September 2021—Bureau of the Fiscal Service
Major Foreign Holding of Treasury Securities—Department of the Treasury/Federal Reserve Board
Republicans Are Playing a Dangerous Game With Debt by Michael R. Strain—The New York Times
Explainer: What happens when the U.S. federal government shuts down? by Jason Lange—Reuters
Janet Yellen: Congress, Raise the Debt Limit by Janet Yellen—The Wall Street Journal
Different Types of Central Bank Insolvency and the Central Role of Seignorage by R. Reis
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?
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
492 episodi
Manage episode 303422569 series 2137790
Why the U.S. is closing in on both a debt default and a government shutdown.
Topics covered include:
- How a government shutdown differs from a debt ceiling crisis
- Why hasn't Congress passed legislation to fund the government and raise the debt limit
- How refusing to increase the debt ceiling could impact Social Security
- How big is the national debt and who owns it
- Why we never know how much federal debt is too much: Japan vs the U.S.
- How federal debt is used and how it has led to financial innovation
- Why countries default on their debt
- What are some of the challenges with central banks pegging interest rates and monetizing the debt
- What could cause the U.S. dollar to crash and inflation to soar
Thanks to Alto CryptoIRA and LinkedIn for sponsoring the episode.
For more information on this episode click here.
Show Notes
America’s debt ceiling is a disaster, though fiscal rules can help—The Economist
Treasury Bulletin, September 2021—Bureau of the Fiscal Service
Major Foreign Holding of Treasury Securities—Department of the Treasury/Federal Reserve Board
Republicans Are Playing a Dangerous Game With Debt by Michael R. Strain—The New York Times
Explainer: What happens when the U.S. federal government shuts down? by Jason Lange—Reuters
Janet Yellen: Congress, Raise the Debt Limit by Janet Yellen—The Wall Street Journal
Different Types of Central Bank Insolvency and the Central Role of Seignorage by R. Reis
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?
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
492 episodi
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