Marxian economist Richard Wolff starts with erroneously claiming that China and Japan are the biggest lenders to the US government.
Only 22% of US government debt is owned by foreign countries. Most of the debt is domestic.
Japan $1.1T 3% China $0.8T 2%
Marxian economist Richard Wolff starts with erroneously claiming that China and Japan are the biggest lenders to the US government.
Only 22% of US government debt is owned by foreign countries. Most of the debt is domestic.