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History of Debt

PBS NewsHour

Narrator PBS NewsHour

Publisher: NewsHour Productions

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Summary

Between paying now or paying later, Americans have just about always preferred debt to taxes. Paul Solman talks to Simon Johnson of the MIT Sloan School of Management about his new book White House Burning, which chronicles the history -- including the whys and whererfores, virtues and vices -- of U.S. debt.
Duration: 9 minutes (00:09:23)
Publishing date: 2012-11-27; Unabridged; Copyright Year: — Copyright Statment: —