Join Jan van Eck and Sebastian Edwards, Professor of International Business Economics at UCLA, for an in-depth discussion on the topics they consider to be necessary historical background for a career in finance. This is the fifth of five sessions.
The U.S. today has a large amount of debt. Has it ever defaulted? (Spoiler: yes, it has.) What did the Supreme Court decide? What did FDR say about whether he’d honor its decision if it went against him (it did)? How should we think about today’s high debt levels?
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