Money and Debt in America

The Leonard Lopate Show | Dec 30, 2010

R. Christopher Whalen discusses the American tendency to overspend in order to sustain a lifestyle that is beyond their means. In Inflated: How Money and Debt Built the American Dream, talks about why inflation and public debt are enduring (and perhaps endearing) features of American life—from get-rich-quick schemes from the Gold Rush of the 1840s to the real estate bubble of the early 21st Century.

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