We analyze the worrisome national debt situation in the U.S., UK, and Japan and consider what will determine the likelihood of defaultTopics 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 crisisFor more information on this episode click here.SponsorsShopify FundriseShow NotesDebt to the Penny—U.S. Treasury Fiscal DataFederal Debt and the Debt Limit in 2022—Congressional Research ServiceCan the Central Bank Alleviate Fiscal Burdens? by Ricardo Reis—London School of Economics and Political ScienceUK government debt and deficit: June 2022—Office for National StatisticsJapan's Experience with Yield Curve Control by Matthew Higgins and Thomas Klitgaard—Liberty Street EconomicsWhat is the national debt?—U.S. Treasury Fiscal DataMajor Foreign Holder of Treasury Securities—Treasury International Capital System, U.S. TreasuryThe Liquidation of Government Debt by Carmen M. Reinhart and M. Belen Sbrancia—International Monetary FundRelated Episodes295: Federal Reserve Insolvency and Monetizing the National Debt338: 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 DebtSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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