Why is the actual net liability of the federal government much less than the gross public debt?

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Why is the actual net liability of the federal government much less than the gross public debt? How do increases in market rates of interest and increased inflation affect the burden of the debt?

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Public Finance A Contemporary Application Of Theory To Policy

ISBN: 9780538754460

10th Edition

Authors: David N Hyman

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Question Posted: Aug 15, 2023 02:37 PM

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Why is the actual net liability of the federal government much less than the gross public debt?

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The actual net liability of the federal government is often much less than the gross public debt due to the governments ability to generate revenue through various means and manage its debt through mo...View the full answer

Public Finance A Contemporary Application Of Theory To Policy

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