…arbitrary and much larger measure that includes debt the government owes to itself.) Debt Held by the Public is the almost-universally-accepted measure of “the national debt.” That would be perfectly…

…— household assets (including the market value of all firms’ equity shares) minus household sector debt. Debt is part (the negative part) of wealth. Still, it’s interesting to look at time…

…that persistently low interest rates imply that households will be able to manage student debt plus mortgage debt. I stress I am not advising people with student debt to buy…

…at risk. Use lots of debt (leverage) to acquire the health organization and then obligate the acquired enterprise to repay the borrowed funds. Even though the debt was used by…

…anti-Keynesian “austerity” measures reduce or instead increase national debt in real terms and, more important (although Williams apparently doesn’t know this), decrease or instead increase debt relative to GDP. But…

…bond markets. The latest data point (today around 12pm) is listed in the legend. Bond investors are clearly differentiating between the riskier bonds – Spain, Portugal, and Belgium – from…

…debt crisis in Europe. The governments of Ireland and Spain bolstered their financial institutions which had also lent extensively to the domestic housing sectors, but their support led to a…

…growth. But Greece’s sovereign debt posed the largest challenge, and exposed the fault line in the Eurozone between those who believed that such crises required a national response and those…

…term and even if they do won’t have the effect they need on either their Public Debt or Debt Held by the Public metrics, how is that supposed to reassure…

…eurozone – that have high deficits have indeed seen interest rates soar. So a second, and equally policy-relevant, example is “what drives the possibility of a sovereign debt crisis?”. Here…