Good and Bad Debt: at Personal, Business, and National Level
Rob’s comments below are in italics.Derek’s comments below are in normal font.
We're going to revisit a topic today that we've been talking about quite a bit recently - debt. So yeah, what's going on that people need to know about?
What prompted me to think about this again was a broadcast I listened to the other day. It gave a rundown of the state of the United Kingdom's finances, which are in a dreadful state. We recently borrowed an additional £20 billion, and three-quarters of that is simply going to pay interest on the debt we already have.
We have also discussed interest rates in the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.