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cover of episode Defaulting on debt isn't the only way to scare investors

Defaulting on debt isn't the only way to scare investors

2025/6/2
logo of podcast Marketplace All-in-One

Marketplace All-in-One
AI Deep Dive AI Chapters Transcript
People
C
Carrie Hannon
C
Chris Farrell
J
Julia Coronado
M
Mark Miller
T
Tanya Brinson
Topics
Julia Coronado: 作为Macro Policy Perspectives的创始人，我认为美国虽然可以通过印钞来偿还国债，但这会引发严重的问题。最关键的是，当我们偿还债务时，美元的价值会是多少？如果过度印钞，可能会导致通货膨胀，进而削弱人们对美元的信心，他们可能会抛售美国国债，从而推高债券收益率，并对美元汇率造成下行压力。此外，美国还面临财政纪律缺失，赤字不断上升，法治和透明度下降，以及作为交易对手的风险增加等问题。甚至有人提议对国债利息征税，这实际上是一种变相的违约行为，相当于政府在说，我无法按照你购买国债时的预期来偿还你。因此，政府需要建立一个健全的货币管理体系，让人们对美元保持信心和信任。

Deep Dive

Chapters
Treasury Secretary Scott Besant affirmed the U.S. would never default on its debt. However, losing investor confidence, leading to higher borrowing costs for the U.S., is a significant risk. The discussion explores the potential consequences of the U.S. printing money to pay debts, including inflation and loss of confidence in the dollar.
  • The US can always pay its treasury debt, but the value of those dollars is uncertain.
  • There's a lack of fiscal discipline and rising deficits.
  • Printing money to pay debts can lead to inflation and loss of investor confidence.

Shownotes Transcript

As the GOP tax and spending bill moves through Congress, questions about the U.S. debt have not gone away. Over the weekend, Treasury Secretary Scott Bessent said the U.S. would never default on its debt. But the U.S. doesn't have to actually default in order to lose the confidence of investors, who would in turn charge the U.S. more to borrow. Plus: Why Gen X is finding it harder to save for retirement.