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

For more information on this episode click here.

Sponsors

Shopify

Fundrise

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

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.