Brendan Greeley, a PhD candidate with a background in journalism focused on the Federal Reserve, and Noah Smith, an economy expert and substack writer, dive deep into the complexities of national debt. They discuss how America’s financial practices evolved from colonial times to today, and the dangerous implications of the current $36 trillion debt. The duo also explores the risks of potential defaults, comparing it to the 2008 financial crisis, while questioning the political and social ramifications of our national borrowing habits.
