Episode 4

Consumer Debt, pt. 2, w. Louis Hyman of Cornell

Published on: 6th October, 2022

Part 2 of a conversation with Professor Louis Hyman of Cornell University.

How did consumer debt in the United States move from general acceptance (covered in part 1), into something that is omnipresent? Beyond that, how did it go from something that was an enabler of success in the mid-20th century to something that eroded wealth over people's lifetime?

Debt as we accept it today is a uniquely modern idea and has not always existed this way.

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About the Podcast

Riches and Power
The history of the things that shaped our world.
Listen in on interviews with world-renowned experts exploring the forces in history that shaped the world both then, and now. The topics we explore vary from whaling, to the Roman games, but they always touch on the intersection between riches and power, particularly in business and economic history.

About your host

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Alex Doubet

While Alex is an entrepreneur, his first love was history (AB in History, Harvard, 2010). His studies in history primarily focused on business history, particularly the Industrial Revolution. When not podcasting, Alex is the Managing Partner of a real estate investing fund.