If the public debt is a debt that we owe to ourselves, then there are obviously...

If the public debt is a debt that we owe to ourselves, then there are obviously no problems connected with such a debt. Critically evaluate. What are some of the real and potential problems with a large public debt?

Expert Solution

Public debt is amount of debt a country owes to outside lenders. It is also called sovereign debt . The government issues bonds and the outsiders invest in it for long period of time or short period of time. These are considered highly secured form of debt .

To say that public debt is the debt we owe to ourself is wrong because public debt is the amount of debt that a country owes to the outside lenders . Funds through these types of debt are generated by government to fuel the growth of its economy with the help of credit.

Public debt is the accumulation of annual budget deficits. When the public debt start to grow higher, it is a matter of the concern for long-term growth and sustainability of an economy because debts are often associated with redemption so if more debt will be there more redemptions will also be there. That will slow down the growth of the country posing solvency risk and defaulting on its debt for longer periods.

jeff jeffy answered 2 years ago

Topic: Learning about ourselves Describe 3 ways in which we come to know ourselves (e.g., self-perception,...

Topic: Learning about ourselves Describe 3 ways in which we come to know ourselves (e.g., self-perception, feedback from others, social comparison). What are the sources of knowledge that we use? Do individuals differ from each other in how much they rely on different sources? Provide personal examples of how you have used each of these sources to gain knowledge about yourself. How accurate do you think each source was? Why? (For instance, has someone told you something about yourself that...

"Elementary education is obviously a public good. After all, it is provided by the governmnent." Evaluate...

"Elementary education is obviously a public good. After all, it is provided by the governmnent." Evaluate this statement.

Well, we are obviously in the middle of a crisis. What are your thoughts on how...

Well, we are obviously in the middle of a crisis. What are your thoughts on how colleges handled the COVID-19 crisis? What about how your employer handled the crisis? What about the state of Massachusetts or even the Federal Government.

How can we balance ourselves to protect from feelings of anxiety?

Essay 2: Gender, Race, and Ackright: How We Oppress Ourselves Notes: As we continue...

Essay 2: Gender, Race, and Ackright: How We Oppress Ourselves Notes: As we continue to move forward in the course, we are starting to change the subject from strictly an issue of race, and have shifted to the subject of sex, and the system behind “gender roles.” Now, I want to move the class into the subject of current pop culture, specifically in regards to Hip Hop, and focus on ideas of sexuality (both physically and...

As student nurses, we are all creative. However, we keep our creativity within ourselves. In this...

As student nurses, we are all creative. However, we keep our creativity within ourselves. In this assignment, create something that aesthetically defines your understanding of RESEARCH and NURSING. Such aesthetic expression can be in the form of drawing, word cloud, poem, haiku, mini-story, and the like.

what are the controlling core nations to Vietnam & how much debt does Vietnam owe to...

what are the controlling core nations to Vietnam & how much debt does Vietnam owe to them?

Suppose Canadian home-owners owe an average of $198,000 on their mortgages. Assume that mortgage debt is...

Suppose Canadian home-owners owe an average of $198,000 on their mortgages. Assume that mortgage debt is normally distributed in Canada with a standard deviation of $95,000. Standard Normal Distribution Table a. Albertans are reported to owe $243,900 in mortgage debt, much higher than the Canadian average. What is the probability of randomly selecting a Canadian with mortgage debt that exceeds $243,900? Round to four decimal places if necessary b. What is the probability of randomly selecting a Canadian with mortgage...

Suppose Canadian home-owners owe an average of $188,000 on their mortgages. Assume that mortgage debt is...

Suppose Canadian home-owners owe an average of $188,000 on their mortgages. Assume that mortgage debt is normally distributed in Canada with a standard deviation of $100,000. Standard Normal Distribution Table a. Albertans are reported to owe $242,000 in mortgage debt, much higher than the Canadian average. What is the probability of randomly selecting a Canadian with mortgage debt that exceeds $242,000? Round to four decimal places if necessary b. What is the probability of randomly selecting a Canadian with mortgage...

In the midst of the Covid-19 crisis in which we find ourselves, which of the 5...

In the midst of the Covid-19 crisis in which we find ourselves, which of the 5 C's of Credit is of increased importance and requires more extensive analysis than in ordinary times?

Question