Stuff We Can't Afford, Part 1: Paying People To Live On Flood Plains | WHAT REALLY HAPPENED


Stuff We Can't Afford, Part 1: Paying People To Live On Flood Plains

Everyone has been there: Times are good for a while and it starts to seem reasonable to buy – or agree to – things you want but don’t need. Later on, when money gets a little tighter, you start prioritizing and realize you really didn’t need the leased Mercedes or the McMansion with all those empty rooms.

With luck you figure this out before being crushed by the weight of your bad decisions. But for a lot of people the return to financial sanity comes too late.

That, alas, is the near-certain fate of most major countries these days. Between cradle-to-grave entitlement systems, global military empires, inflated public sector pensions and myriad lesser but still in the aggregate ruinous commitments, the fiat currency era will go out in a blaze of regret, broken promises, and political chaos.

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