Gross federal debt refers to the total amount of debt that the federal government has accrued over time, encompassing both public and private holdings.
Monetizing the debt refers to the process by which a government finances its national debt by printing new money, which often leads to inflation.
National debt refers to the total amount of money that the federal government owes to creditors due to borrowing. It consists of various debt instruments such as Treasury bills, Treasury notes, and Treasury bonds. The interest on the national debt is a significant part of the federal government's annual expenses.
