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A Coming US Default?

The David McWilliams Podcast

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The Day of Remembrance

There is a school of finance and economics which I called endism, right? People who believe in the end of things. And say they do a deal, but this is going to come around again and again and again. So they believe it's a day of reckoning. They would say the debt seems only a simulation for what will happen sometime down the road. But that's horseshit. It doesn't work like that,. Yes, you do have economic crises. We'll talk about this in a second.

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