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Debt Is Replacing the American Dream (ft. Morgan Housel)

Borrow now. Figure it out later.

This week, we’re unlocking a Prof G+ Deep Dive for everyone. These are the kinds of exclusive episodes our Prof G+ subscribers get regularly — deeper analysis, sharper context, and conversations you won’t hear on the main feed.

America used to borrow to build the future. Now it borrows to maintain the present.

In this Deep Dive, Scott breaks down how debt became embedded in every layer of the economy — from trillion-dollar government interest payments, to leveraged corporate bets on AI, to consumers financing groceries and food delivery.

Then, Scott sits down with Morgan Housel to unpack the psychology of debt, financial insecurity, and why borrowing increasingly feels less like a choice and more like a survival strategy.

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