America Has Become a Consuming Nation
May 07, 2024•23 min
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Episode description
Over the past 10-15 years, America has become a consuming nation, spending more money than has ever been spent in the past. The debt to GDP ratio has increased from 56% to 129% since 2008. What happens to a nation that consumes more than they produce, and what is the root problem when this occurs?
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