Foreign Debt
We’ve hit the 80s and Reagan’s low tax and defence spending have contributed to the America’s worst foreign debt in history. It turns out the US has consistently been in debt, so why does this time matter? Well, because they’re borrowing heavily from the Japanese, and have turned from creditors to creditees. It leads to the deindustrialisation of the Midwest, the rise of Sony and the Walkman, and even Bill Clinton’s affair with Monica Lewsinky… But why did kids like Billy care? What does it mean for America’s political future? Can America ever be debt-free? Does that even matter? Iwan Morgan has even returned to talk us through it all! He’s sort of like a walking Economics for Dummies, which is perfect for a pair of economic dummies like us….
Learn more about your ad choices. Visit megaphone.fm/adchoices
- Datum:
- Duur:
Gerelateerde podcastafleveringen
/https%3A//megaphone.imgix.net/podcasts/f3347584-f6ee-11ec-a8d2-0774f07d32dd/image/506af3e6-b3f6-4a25-895b-0c4fcfaa440b.png%3Fixlib%3Drails-4.3.1%26max-w%3D3000%26max-h%3D3000%26fit%3Dcrop%26auto%3Dformat%2Ccompress)
Meer afleveringen van We Didn't Start the Fire: The History Podcast
-
Introducing: Oceans: Life Under Water
What do you hear at the bottom of the ocean? How does it feel to swim with whales? Or make friends with an octopus? Come and find out. This is Life Under Water. Wildlife filmmaker and TV personality Hannah Stitfall wants to take you... -
Introducing: Countdown To Dallas
In the series premier, we recap the basic events surrounding President Kennedy's assassination. We’ll discuss the formation of the famous Warren Commission, its findings — and highlight the one thing about its report that's often... -
The Finale: Rock 'n' Roller Cola Wars
The time has finally come... we’ve made it to the end of the song. This episode description is being written on a tearstained laptop as we speak. But we PROMISE we’re going out with a very fizzy bang. The cola wars was a tense battle...