Lendol Calder on Debt

To The Best Of Our Knowledge
Listen nowDownload file
Embed player

Lendol Calder says being in debt is a good thing.  He’s the author of “Financing the American Dream: A Cultural History of Consumer Credit.”  He tells Steve Paulson that consumer credit drives the world economy and that private vices (like over-consumption) can result in public virtues, like a sound economy that employs a lot of people.