Episode 169: John Stossel Joins Words and Numbers Pt. 1
Words & Numbers
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The Ratchet Effect
We all take it for granted that you can go to a foreign country and stick a piece of plastic in the law and cash comes out. We've gone from a $23 trillion debt to a $25 trillion debt in the last month, which boggles the mind when you really think through what that comes to mean. Do you think people will become comfortable with this as the new normal? I think they already are. Nobody cares about the deficit. Until we get massive inflation or some ugly default, people won't pay attention. What else do you see on the horizon if we don't take care of this at some point?
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