Will The US National Debt Cause Problems Soon? (EP.158)
About this episode
The US national debt is a significant and often misunderstood topic: With the current debt sitting at around $34.6 trillion, many wonder if this signals an impending crisis. Peter breaks down what this figure means and explores the broader implications (many of which may surprise you).
Listen now and learn:
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Differences between the deficit, the debt, and the debt ceiling
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How US government finances are very different than household finances
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Why inflation, not default, is the real risk of our deficit spending
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