The economics and politics of the most recent financial crisis – hitting the financial debt ceiling – will make your head hurt. However, following a few simple steps can bulletproof your personal finances from significant debt ceiling fallout.
Tag: usa national debt
Many Americans are concerned about the national debt. The United States government has borrowed over $14 trillion, placing America as the #12 highest national debt in the world. Some financial experts are starting to raise questions about just how we as a country intend to pay it all back. We discuss what the national debt means for the country and your wallet.
The Federal Reserve recently announced they will again start inflating the money supply in hopes of staving off a sustained deflation. Find out why Uncle Sam is so afraid of deflation, what other tools we have in our arsenal to get out of debt and why inflation is the politically palatable option.