Dan, I Allegedly 5/24/23
"Till Debt Do Us Part"
"People are going out and borrowing more than ever right now.
They don’t seem to care that they are going deeper and deeper into debt"
Video and comments here:
"When people pile up debts they will find difficult and perhaps even impossible to repay, they are saying several things at once. They are obviously saying that they want more than they can immediately afford. They are saying, less obviously, that their present wants are so important that, to satisfy them, it is worth some future difficulty. But in making that bargain they are implying that when the future difficulty arrives, they’ll figure it out. They don’t always do that.”
– Michael Lewis, “Boomerang”
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