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Government Debt

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May 1, 2024 3 minute read
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Government debt is the total amount of money that a government owes to individuals, businesses, and other governments. It is typically expressed as a percentage of a country's gross domestic product (GDP). When a government runs a budget deficit, it means that it spends more money than it takes in. This deficit is typically financed by borrowing money, which increases the government's debt.

Types of Government Debt

There are two main types of government debt:

Path to Government Debt

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We've curated three courses to help you on your path to Government Debt. Use these to develop your skills, build background knowledge, and put what you learn to practice.
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Reading list

We've selected nine books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Government Debt.
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Financial Conditions and Macroeconomic Performance
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Presents Minsky's groundbreaking theory of financial instability, which emphasizes the role of government debt and financial innovation in economic crises. It is essential reading for understanding the systemic risks and vulnerabilities associated with high levels of government debt.
Financial Conditions and Macroeconomic Performance:...
Kindle Edition
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The Deficit Myth
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Challenges conventional wisdom on government debt, arguing that modern monetary theory (MMT) provides a different perspective on the role of fiscal policy and the sustainability of government debt. It is valuable for understanding alternative views on government debt and the limits of fiscal constraints.
Deficit Myth
Paperback
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(Español) El mito del déficit / The Deficit Myth (Spanish...
Paperback
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The Capitalist Manifesto [Hardcover], The Deficit...
Paperback
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Mindset With Muscle, The Deficit Myth, Fierce...
Paperback
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The Lords of Easy Money, The Green New Deal & The...
Paperback
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You Are a Badass at Making Money, The Deficit Myth,...
Paperback
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The Deficit Myth, Work Rules!, Market Wizards 3...
Paperback
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The Deficit Myth: Modern Monetary Theory and the...
Kindle Edition
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Options for Reducing the Deficit: 2015-2024
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This report from the Congressional Budget Office provides a comprehensive analysis of the economic implications of government debt in the United States. It discusses the effects of debt on interest rates, economic growth, and the distribution of income.
Options for Reducing the Deficit: 2015-2024 by...
Paperback
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