America's National Debt, completely explained.

Today we deep dive into America's National Debt with functional terms and history that place today's debt into a context we can actually apply. Knowing this background of our national debt and how it effects us is incredibly important and you shouldn't need to hire a lawyer to understand it. That's why I'm here to help! Welcome to Internet Esquire where I explain concepts, history, and doctrines we've all heard of but might not totally understand. I drop episodes about every week. Please enjoy and have a wonderful day. Consider Subscribing ► YouTube:    / @internetesquire   Instagram:   / theinternetesquire   Twitter/X: https://x.com/internetesquire TikTok:   / internetesquire   Chapters ► 00:00 Intro 01:30 What is the National Debt? 03:14 Debt-to-GDP Ratio 05:46 The Bond Market 07:47 Debt Rollovers 09:06 Global Reserve Assets 11:05 The Gold Standard 13:29 Triffin's Dilemma 14:49 Breaking the Gold Standard 19:00 The Federal Reserve 22:26 Great Recession of 2008 25:32 Financial Crisis of 2020 27:14 Rising Debt Service 29:43 The Federal Budget 32:17 Mandatory Spending 34:58 The Crowding Out Effect 36:27 What Can Be Done Now?