Our modern culture is surrounded by debt. Households, businesses, and especially governments are accumulating debt at a record pace. Is this bad? Does this spell imminent doom for our economy? Does it even matter? In the next two episodes, we will ask and answer these questions and more.
Debt doesn’t have to be a bad word. It can be used productively. But like any tool, it’s misuse can lead to more harm than good. In part 1, we will discuss corporate debt along with debts that many households deal with today. Following part 1, we discuss the really ugly use of debt at the federal level and what it could mean for the future.