The Dangers of Private Debt

For the first time we spoke about a podcast conversation I had with Emia Sufi. He's quite famous for a book he co-authored with a TIFF man called House of Debt. A lot of these insights became obvious to you back in the late 1980s, when Australia went through a classic boom and bust. You didn't want other people to go through that? That's right. Well, once you got your foot in the door, you got the benefit of the capital gains,. But from the selfish perspective, that's true.