Friday, May 13, 2011

Planet Money & the national debt

Great "Planet Money" podcast today.

I learned that (1) our founding father's decision to run a national debt is what made the US such as desirable place for investors to park their money, leading to the long term dominance of our economy, and (2) the one time when we paid off the national debt, it was immediately followed by one of the worst depressions we've ever experienced.

I think I've listened to every single Planet Money podcast to date.  They've produced almost 300 of them since the early days of the financial crisis of 2008.

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