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Economist Stephanie Kelton on the Debt Limit, a Potential Catastrophe We’re Risking for No Reason

Deconstructed

CHAPTER

The Role of Treasury in the Financial Chaos of the World

Treasury secretary: "We don't know how to answer the question because we've not defaulted before" Every dollar that's spent by government is received by someone, he says. People are counting on those dollars in order to be able to meet their own debt payments, Treasury chief says. U.S. Treasuries are the most important financial instrument in the global financial system,. He says they're at the center of the financial world.

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