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Why the National Debt Is the American Economy’s Greatest Superpower: Planet Money : NPR

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Why the National Debt Is the American Economy’s Greatest Superpower: Planet Money : NPR

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A view of the New York Stock Exchange (NYSE) on Wall Street on March 23, 2021 in New York City.

ANGELA WEISS/AFP Getty Images


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ANGELA WEISS/AFP Getty Images


A view of the New York Stock Exchange (NYSE) on Wall Street on March 23, 2021 in New York City.

ANGELA WEISS/AFP Getty Images


What if you could borrow money cheaply and use it to pay for almost anything? The U.S. government can and does do that with U.S. Treasury bonds. But the Treasury bond market may be more fragile than we think.

In this episode, Vanderbilt Law School’s Yesha Yadav explains why.

This episode was originally created as our Planet Money+ listeners. Today, we’re opening it up to everyone. To hear more shows like this, and to hear regular shows without sponsor information, please sign up to support the show Planet Money+ In Apple Podcasts or plus.npr.org/planetmoney.

Subscribe to Planet Money+ to help support Planet Money and get bonus episodes In Apple Podcasts or plus.npr.org/planetmoney.

These links are always free: Apple Podcasts, Spotify, Google Podcasts, NPR App Or wherever you get your podcasts.

Find more Planet Money: Facebook / Instagram / Tik Tok / We Weekly communication.

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