History of Debt

The video explores the history and implications of U.S. national debt, starting from the American Revolution to modern times. It discusses key economic events, such as the Civil War, Great Depression, and World Wars, highlighting how debt strategies have evolved. The video also addresses modern fiscal challenges, including the impact of the baby boomer generation on social programs and the potential consequences of increasing debt. Economist Simon Johnson provides insights into the necessity of fiscal adjustments to avoid economic disaster.

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