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 JapanWhy Japan and UK interest rates have increasedWhen do federal government debts jump the mostWhat two numbers are key to whether a level of national debt is sustainableWhat are five ways indebted countries have reduced the relative size of their debtWhy 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
Can the Central Bank Alleviate Fiscal Burdens? by Ricardo Reis—London School of Economics and Political Science
UK government debt and deficit: June 2022—Office for National Statistics
Japan's Experience with Yield Curve Control by Matthew Higgins and Thomas Klitgaard—Liberty Street Economics
What is the national debt?—U.S. Treasury Fiscal Data
Major Foreign Holder of Treasury Securities—Treasury International Capital System, U.S. Treasury
The Liquidation of Government Debt by Carmen M. Reinhart and M. Belen Sbrancia—International Monetary Fund
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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