History of Debt

PBS NewsHour

Nov 2012 · NewsHour Productions · Kuchazwe ngu-PBS NewsHour

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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.

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