…always print money to pay its debts, unlike non-USD issuing countries that need to buy USD to pay their USD debts) and (b) America’s long history of “honoring its debts.”…

…sovereign country, then just kidnap their leader and claim that you can now run the country. This “logic” may have worked when absolute monarchs owned countries as a personal possession…

…lower than the trend rate of growth of GDP. In that case it is possible to just roll over the debt forever and the debt (including the additional debt) shrinks…

…of the debt ceiling has no relationship between it and laws having future expenditures. The debt ceiling has no bearing on legal expenditures. It is about raising the debt ceiling…

…loan balance is $1.661 trillion; 42.5 million student borrowers have federal loan debt. Federal student loan debt represents 91.6% of all student loan debt; 8.43% of student loan debt is…

…sold at major retailers today, such as legendary Half of Fame MLB pitcher Nolan Ryan’s private label beef that is carried exclusively at Kroger stores, or at his private label…

…finance… “the purpose of government debt is not to fund government spending. It is to provide safe assets.” Therefore, governments whose debt is regarded as a safe asset must operate…

…all Treasury debt held by entities other than the Treasury itself. The balances of Debt Held by the Public, Intragovernmental Holdings, and total Public Debt can be checked at the…

…an austerity program would be entirely unnecessary to reduce public debt. The entire national experience from 1946 to 1980, when public debt fell from 121 to about 33 percent of…

…with pro-cyclical fiscal policies. In each case Yglesias considers current interest rates and the deficit not the stock of debt. Put roughly, when the public debt goes from $-5 to…