
113: NYT Columnist Paul Krugman on The Debt Ceiling
The Al Franken Podcast
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The Supreme Court's Final Decision on the Debt Ceiling
The world financial system runs on US Treasury bills, which are the reserve currency of the world. The safest thing in the world is a three month US Treasury bill and that's what people do when they need to make deals. This is something that you really are not supposed to mess around with; it could easily be worse than the 2008 financial crisis.
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