USA Debt: Deficits Mean What?

Porkopolis Economics: Episode 117

Show Sponsors: trezor.io

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Porkopolis Economics covers macroeconomics, money, and sports from the creator of the Crypto Voices podcast, Matthew Mezinskis.

Continuing our series on the United States National Debt. The U.S. debt is constantly on the news both worldwide and in the country but how exactly did we get from $70 million to $34.6 trillion? We will look at debt, the increase in debt, taxes that are raised to fight off the debt, and the money that is printed during this time.

Contents
00:24 Chart Overview
00:54 Understanding National Debt
04:19 Looking at the Deficit
07:14 Deficit Throughout History
09:34 Moving Into the Gold Standard and Entry Into WW2
11:32 Debt Continues to Rise
12:16 Bretton Woods System Ends
13:45 Period of Great Moderation
16:11 Moving Into the 2000s
17:12 Show Sponsor - Trezor
18:02 Big Numbers
19:18 Closing Thoughts

Host: Matthew Mezinskis
https://porkopolis.io
https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.