USA Debt: Whats the Cost?

Porkopolis Economics: Episode 119

Show Sponsors: trezor.io

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Porkopolis Economics covers macroeconomics, money, and sports from the creator of the Crypto Voices podcast, Matthew Mezinskis.

Continuing our series on the United States National Debt. The U.S. debt is constantly on the news both worldwide and in the country but how exactly did we get from $70 million to $34.6 trillion? We will look at debt, the increase in debt, taxes that are raised to fight off the debt, and the money that is printed during this time.

Contents
00:12 Recap of Last Video
02:46 The Cost of Money
03:03 Inserting Interest Rate Into the Chart
03:51 Interest Rate in the 1800s
04:18 Interest Rate in the 1900s to 2000s
05:52 Show Sponsor - Trezor
06:42 Cost of the Debt
09:22 Why is Interest Rate Important?
10:51 Closing Thoughts

Host: Matthew Mezinskis
https://porkopolis.io
https://twitter.com/crypto_voices

Show content is not investment or financial advice in any way.