Why Humans Love Leverage Above All Things

LZ Granderson: I want to talk about debt. We've never been as in debt as we are now or the baby boomers just because of the size of the population, even though they came into a situation where they almost couldn't lose with things like at all time lows and housing costs. LZ: What does it do for us that makes it so intoxicating? So leverage allows you to borrow future money to use now. People love to borrow money now because then you can make a bigger investment now. But the trade off is what happens if that goes wrong? Then before you get a margin call or liquidated,. That's a feature we see a lot in the crypto