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Podcast: Wealth Formula Podcast
Episode: 043: Inflated: How Money and Debt Built the American Dream
Description: In the 1980s, you could get double digit returns on your savings. Interest rates were that high. That said, inflation was out of control as well so the real value of earnings might not be as attractive as it is at first glance but certainly better than today. Today's economy punishes savers be eroding there wealth through inflation while not providing and significant interest. That's why Robert Kiyosaki says, "savers are losers." In the last few decades, we have become an economy of low interest rates and debt. At first, we used these tools to fuel our economy and to...