US debt ceiling & Gene’s Aussie debt ceiling experience in the GFC | Emerging economies debt crisis - EP190

<p>Host Gene Tunny discusses the US debt ceiling and the emerging economies debt crisis with his Adept Economics colleague Arturo Espinoza. Gene shares a memory of his own experience with the debt ceiling the Australian Government had at the time of the 2008 global financial crisis (GFC). </p><p>Please get in touch with any questions, comments and suggestions by emailing us at <a href="mailto:contact@economicsexplored.com">contact@economicsexplored.com</a> or sending a voice message via <a href="https://www.speakpipe.com/economicsexplored">https://www.speakpipe.com/economicsexplored</a>. </p><h3>What’s covered in EP190</h3><ul><li>[04:35] US debt ceiling negotiations. </li><li>[09:18] US hitting its debt ceiling.</li><li>[14:51] The trillion-dollar coin as a possible workaround. </li><li>[16:14] Spending and revenue challenges. </li><li>[26:05] Australian debt ceiling legislation in 2008-09. </li><li>[29:05] US debt limit and consequences. </li><li>[33:25] Argentina's economic struggles. </li><li>[40:02] IMF's Nightmarish Identity Crisis & emerging economies debt crisis. </li><li>[42:27] China's role in emerging markets debt. </li><li>[45:13] PNG and China. </li></ul><h3>Links relevant to the conversation</h3><p>Noah Smith’s Subtack post:</p><p><a href="https://open.substack.com/pub/noahpinion/p/the-debt-ceiling-deal-what-was-the?r=2hwg1&utm_campaign=post&utm_medium=email">https://open.substack.com/pub/noahpinion/p/the-debt-ceiling-deal-what-was-the?r=2hwg1&utm_campaign=post&utm_medium=email</a>   </p><p><a href="https://www.ft.com/content/5081e65c-d59d-4818-876b-8f9dd3c9e5c0">Treasury to take ‘extraordinary measures’ as US hits debt ceiling | Financial Times</a></p><p>Michael Knox’s note on the debt ceiling:</p><p><a href="https://drive.google.com/file/d/1he3XOupvHf2pTRkSONf_hyRBwyHsHtkn/view?usp=share_link">AUS_ESQ_230523_US government shutdowns and why US treasuries never default.pdf</a></p><p><a href="https://www.whitehouse.gov/cea/written-materials/2023/05/03/debt-ceiling-scenarios/">https://www.whitehouse.g