Chapter
The Differences Between Federal Treasury Debt and State and Local Debt
29:47 - 34:41 (04:54)
The federal government's debt is guaranteed by full faith and credit as the US dollar, while state and local government debt cannot run a deficit in the way the federal government can. Federal Reserve could buy bonds at zero interest rates and facilitate financing for the local government, making it more impactful.
Clips
The U.S. government has given the Pentagon an additional $20 billion, yet veterans are struggling to receive proper healthcare.
29:47 - 30:56 (01:09)
Summary
The U.S. government has given the Pentagon an additional $20 billion, yet veterans are struggling to receive proper healthcare. Host Michael Moore suggests investing in infrastructure with money already being hoarded by banks.
ChapterThe Differences Between Federal Treasury Debt and State and Local Debt
EpisodeJon Referees an Economist Battle
PodcastThe Problem With Jon Stewart
The federal government's debt is guaranteed by the same full faith and credit as the US dollar, which has a greater impact on state and local government funding than their own debt.
30:56 - 33:04 (02:08)
Summary
The federal government's debt is guaranteed by the same full faith and credit as the US dollar, which has a greater impact on state and local government funding than their own debt. The suggestion has been made to use the Fed to buy state and local bonds at a zero interest rate to facilitate financing.
ChapterThe Differences Between Federal Treasury Debt and State and Local Debt
EpisodeJon Referees an Economist Battle
PodcastThe Problem With Jon Stewart
This podcast discusses the impact of low interest rates on the economy, specifically on the stock market and real estate, and the difference between supply-side and demand-side economics.
33:04 - 34:41 (01:36)
Summary
This podcast discusses the impact of low interest rates on the economy, specifically on the stock market and real estate, and the difference between supply-side and demand-side economics.