The Debt Ceiling and the Debt Crisis in the US

Radeeeko: The rising level of interest rates that we've seen over the recent period supposedly to control inflation is actually creating a problem. He says it's causing terrible damage to the government finances of poorer countries like Egypt, Ghana and Sri Lanka because they have so much dollar debt. Michael Roberts: This also puts in question this whole idea that you know somehow the United States has the exorbitant privilege of borrowing cheaply from the world he adds. "There are so many more things to discuss Michael"