Government Debt Is Starting to Look Almost as Sketchy as Payday Loans

 
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As government seek ever larger amounts of debt to finance more spending, they're embracing huge debt levels in the way a broke consumer might embrace payday loans. In the end, we're left with nothing but a flimsy promise to pay.

Original Article: "Government Debt Is Starting to Look Almost as Sketchy as Payday Loans"

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

873 episodes