National Debt Master Class Part One

In part one of this three part series, we consider why a country that issues debt in its own currency can't default unless it chooses to. We also explore how central banks can control interest rates on the national debt. We also consider whether it is possible for government borrowing to crowd out the private sector.SponsorsShopify NetSuiteInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesMoney In The Modern Economy: An Introduction – Bank of England – Q1 2014Money Creation In The Modern Economy – Bank of England – Q1 2014Congressional Budget Office 2017 Long-term Budget OutlookGoing for Broke: Deficits, Debt, and the Entitlement Crisis – Michael D. TannerBernanke’s Paradox: Can He Reconcile His Position on the Federal Budget with His Recent Charge to Prevent Deflation? – Pavlina R. Tcherneva – Levy Institute (includes quotes referenced in episode by Ben Bernanke and Michael WoodfordNew Framework for Strengthening Monetary Easing: “Quantitative and Qualitative Monetary Easing with Yield Curve Control” – Bank of JapanJapan’s Debt Burden Is Quietly Falling the Most in the World – BloombergThe Bone Clocks – David MitchellVenezuela Is Starving – Juan Forero – Wall Street JournalCurse or Blessing? How Institutions Determine Success in Resource-Rich Economies – Cato InstituteForget Taxes, Warren Buffett Says. The Real Problem Is Health Care. – New York TimesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.