Five Scenarios for the Federal Debt

Five Scenarios for the Federal Debt

May 25, 2026 · 17 min · Episode 340

About this episode

Dr. David Kelly discusses the implications of the Federal Reserve's financial accounts on the federal debt.

The Financial Accounts of the United States is a quarterly Federal Reserve publication containing a great many large numbers but very little commentary, presumably because the authors feel the numbers speak for themselves. And the numbers do speak rather loudly.

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