Can US debt keep rising forever?

The US government is now running a debt exceeding $23 trillion. When Donald Trump came into office it was already at $18.2 trillion. Regular Debunking Economics listeners will know the ability to rack up debt is a privilege of running the world’s reserve currency. There will always be demand for US dollar bonds.  But why do so many countries seek US bonds, and how long can this imbalance continue for?Will there be a time when the US dependence on government debt will come back to bite it – or can we just sit and watch it grow?And what about China – can they grow debt ad infinitum?

To hear the full version subscribe by picking a plan at debunkingeconomics.com. Or become a supporter of Steve Keen at https://www.patreon.com/ProfSteveKeen

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to top