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America Has Become a Consuming Nation
Manage episode 416917333 series 2676428
Over the past 10-15 years, America has become a consuming nation, spending more money than has ever been spent in the past. The debt to GDP ratio has increased from 56% to 129% since 2008. What happens to a nation that consumes more than they produce, and what is the root problem when this occurs?
186 epizódok
Manage episode 416917333 series 2676428
Over the past 10-15 years, America has become a consuming nation, spending more money than has ever been spent in the past. The debt to GDP ratio has increased from 56% to 129% since 2008. What happens to a nation that consumes more than they produce, and what is the root problem when this occurs?
186 epizódok
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