Welcome to Market Monday! Check in every Monday for this weekly economic digest.
Capitalism has long had an addiction to debt, and this week’s headlines show that it is off the wagon again. Governments, corporations, and households are getting in over their heads again.
Quote of the Day
Word of the Day
Capitalism: “an economic system in which private owners of capital hire wage-earners to work in their businesses and pay for investment by raising finance from banks and financial markets.” (Mervyn King, The End of Alchemy)
Chart of the Day
National household debt is at an all-time high. Low interest rates have incentivized families to spend more of their future earnings in the present.
Read
World Debt Hits Record $164 Trillion
Andrew Mayeda, Bloomberg, 4/18/2018
How Long Will Cheap Debt Bail Out Automakers?
Ryan McMaken, Mises Institute, 4/21/2018
Listen
The Great National Debt Debate
Money for the Rest of Us with David Stein, 4/11/2018
Guest: Joshua Sheats, Radical Personal Finance
Why the Trump Tax Cuts are Awesome/Terrible (part 1)
Freakonomics Radio, 4/12/2018
Guest: Kevin Hassett, chairman, Council of Economic Advisors
Why the Trump Tax Cuts are Awesome/Terrible (part 2)
Freakonomics Radio, 4/12/2018
Guest: Kevin Hassett, chairman, Council of Economic Advisors
Econ4All 
2 thoughts on “Market Monday #1: Capitalists Addicted to Debt”