Understanding National Debt and Economic Myths

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The chapter tackles myths surrounding national debt, dismissing concerns about its impact on the economy. It highlights historical examples of countries overcoming significant debt, emphasizing the flawed analogy of comparing national debt to a household budget. The discussion urges listeners to seek credible sources and real experts for a deeper understanding of economic concepts, cautioning against falling for deceptive sales tactics in investment decisions.

In this episode we answer emails from Scott, Midas, and Neil. We discuss national debt apocalypse theories, the misuse and cherry-picking involved in bad data analyses and umbrella insurance.

And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.

Additional links:

Reinhardt & Rogoff Book: This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart | Goodreads

Money For The Rest of Us National Debt Masterclass: National Debt Master Class Part 1/3 | Money for The Rest of Us

Security Analysis Podcast with Yours Truly: Frank Vasquez: Risk Parity Investing Part 2 (securityanalysis.org)

Portfolio Charts "Ingredients" Article: Three Secret Ingredients of the Most Efficient Portfolios – Portfolio Charts

Long Term Treasuries vs. Stock Market 1981-2010: Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)

Umbrella Insurance: What Is Umbrella Insurance Policy? Definition and If You Need It (investopedia.com)