The Government Debt Ceiling Crisis


What is Australia’s debt level and how does it affect our economy? How can inflation reduce your debt? Your host, Nathan Birch, details Australia’s trillion-dollar debt trouble and the impacts of what may happen if the government defaults on their debt.

Episode Notes:
(1:13) An overview of what happened to interest rates in 2022
(5:55) What happens if the government defaults on their debt?
(14:41) What will happen to our economy?
(29:20) A lesson on the connection between debt and inflation

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