Welcome to the Eric Erickson Show podcast, Our Three.

Greetings, conversationalists. Welcome. It is Friday, and not just any Friday, an open line Friday, here at the Eric Erickson Show across America.

The phone number 8779793775 if you'd like to be on the program.

Remember to text Eric, E-R-I-C-K to 33-777-get, get links to the show notes and all that.

I want to begin with phone calls this hour.

I do.

There's a story I want you to know that in Austria,

they are considering making it a constitutional right to have access to paper money.

Not a bad idea.

I got thoughts on it.

But first, let's go to the folds.

Let's begin with Kevin.

Welcome to the show, Kevin.

Hey, how are you doing today? Good. How are you?

Doing good. Just got a very quick question. I've been hearing, as everybody else has, for months and months and months now that the United States is in debt, you know, trillions on top of trillions of dollars.

And but nobody, nobody ever says, you know, who the U.S. is in debt to and what for?

Oh, that's a, that's a great question.

Well, Kevin, I happen to know the answer to the question.

There are two different degrees of debt.

Let me explain these to you now. I'm letting you go there. There's a background noise in the background of your call.

So just listen to me on the radio now.

There is intra-governmental debt.

...