This interview is from SDPB's daily public-affairs show, In the Moment, hosted by Lori Walsh.

Much wringing of hands has transpired over the recent rise in national debt and the potential debt burden on future generations. Less has been discussed about the complex and fortress-like U.S. Treasury securities market and how it intersects with the global financial system.

Joe Santos Ph.D., is professor of economics and Dykhouse Scholar of Money, Banking, and Regulation at South Dakota State University. For today's Monday Macro, we discuss the full-faith reputation of the U.S. Treasury and how bigger debt can be better debt (until it isn't).