Do We Actually Need Debt?
Economics Explained
00:00
The Debt Crisis Is Not a Big Deal
If price falls, builders will not be incentivized to build new homes. Given the money that goes into a new home construction, it may just not be financially possible. The same kind of effect would be true for cars. If we are building less houses and cars or whatever else in an economy, that means we have less material wealth.
Transcript
Play full episode
