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IIMR November 2023 'Explosion in US public debt; could America be held to ransom?'

Institute of International Monetary Research
2.31K subscribers
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500 views 1 year ago
Prof. Congdon asks the question “who will want to hold US Treasuries if and when the ratio of Federal debt to GDP exceeds 150% and starts approaching 200%?”. Furthermore, there is no modern precedent for domestic non-banks owning US Treasuries of much more than 50% of GDP - and while it could happen - a ratio much above 50% will cause strain in financial markets. ...more
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IIMR November 2023 'Explosion in US public debt; could America be held to ransom?'
18Likes
500Views
2023Nov 28
Prof. Congdon asks the question “who will want to hold US Treasuries if and when the ratio of Federal debt to GDP exceeds 150% and starts approaching 200%?”. Furthermore, there is no modern precedent for domestic non-banks owning US Treasuries of much more than 50% of GDP - and while it could happen - a ratio much above 50% will cause strain in financial markets.

Follow along using the transcript.

Institute of International Monetary Research

2.31K subscribers