The US national debt is a significant and often misunderstood topic: With the current debt sitting at around $34.6 trillion, many wonder if this signals an impending crisis. Peter breaks down what this figure means and explores the broader implications (many of which may surprise you).

Listen now and learn:

• Differences between the deficit, the debt, and the debt ceiling

• How US government finances are very different than household finances 

• Why inflation, not default, is the real risk of our deficit spending

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.