The Politics of Covetousness

It is widely known that Americans are spending themselves into debt slavery. For example, Bloomberg business reported last September that consumer debt was at an all time high of $3.2 trillion with credit cards and auto loans leading the pack. “Spending on repairs and net used cars has barely budged… But the fact that spending seems to be coming at the expense of more debt suggests Americans are putting themselves in a riskier financial position… an increasing share of that debt finances Read more […]