IIMR June 2025 - USA public debt, inflation and gold скачать в хорошем качестве

IIMR June 2025 - USA public debt, inflation and gold

In this video, Professor Congdon expresses his concerns about the significant increase in US public debt in recent years. Historically, the creditworthiness of the USA has resulted in significant demand for US Treasuries, including from overseas buyers. However, there has been a decline in overseas enthusiasm for US Treasuries over the last 10 years and with yields at historically high levels, it may become harder to finance the current high level of spending by the US government. If the only buyer is the Federal Reserve (the central bank), this would result in significant broad money growth and thus, inflation. Given these concerns, it is hardly surprising that the price of gold has soared in the last 50 years. It has become one of the most inflation-proof assets for investors.