The US Government will face another round of federal debt expansion in 2024, but will there be enough creditors to allow their continued spending? Investors are not buying Treasury Debt at forecasted rates, foreign investors are exiting federal debt, and even the Federal Reserve is reducing its treasury holdings.
Dr. Jonathan Newman recently wrote for the Mises Wire on this topic, and he joins Bob to break down the data and explain what is up with treasuries and the future of the dollar.
Dr. Newman’s Article on The Treasury’s Creditors: Mises.org/HAP424a
Human Action Podcast listeners can get a free copy of Murray Rothbard’s Anatomy of the State: Mises.org/HAPodFree