The Great Simplification with Nate Hagens cover image

Doomberg: "Our Fragile Energy Economy"

The Great Simplification with Nate Hagens

CHAPTER

The Debt Jubilee in the United States

The interest on the debt that we've racked up is a trillion. That's going to get monetized. If we've lived beyond our means for 50 years, we're going to have to take a pay cut as a country. The US total budget under Reagan was a trillion. And now we're spending a trillion on the interest. But that which can't go on forever usually doesn't, right?

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