Link: https://govmoneynews.com/bills-blog/f/is-there-a-pecking-order-theory-for-us-government-debt
Video:
Excerpt:
I got a great question from a finance student today, asking whether the “pecking order” theory of corporate capital structure could be applied to the government. OK, let’s think this out. Who comes first, in the pecking order?
Author(s): Bill Bergman
Publication Date: 6 Dec 2023
Publication Site: GovMoneyNews, Bill’s Blog