America: A Nation of Debt

Tags: Business Cycles, The Fed, Money and Banks

07/06/2023 Tho Bishop Ryan McMaken

On this episode of Good Money with Tho Bishop, Ryan McMaken joins the show to talk about America’s debt crisis. Tho and Ryan discuss both the damage done to the economy by runaway government spending, as well as how Federal Reserve policy has incentivized consumption and punished savings, which has resulted in record-high credit card debt.

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