AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Forgive Us Our Debts, with David Skeel
Good Faith
Puerto Rico's Debt Restructuring
Puerto Rico lost a lot of revenue because they lost a tax break starting from through a phase out from 1996 to 2006. Puerto Rico lawmakers plugged the holes in their budget not by reducing expenses and increasing taxes but by issuing debt. The island is very poor and has been poor for a long time it has a poverty rate of about 40%.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode