The Strong Towns Podcast

Bad Bets

Informações:

Sinopsis

In last week’s episode of the Strong Towns podcast, Chuck Marohn, the founder and president of Strong Towns, talked with the economist Alison Schrager about uncertainty and risk. In this week’s episode, Chuck provides some additional thoughts on risk—and, in particular, the risks towns and cities are taking with their financial futures. Not only are communities making bad bets by going all-in on the Suburban Experiment, they assume the government (state and federal) or the market will be there to bail them out if the worse—functional,  or actual, insolvency—happens. But, as Chuck demonstrates, that’s an awfully big assumption. For one thing, the federal government and the market are taking huge risks themselves. We can’t count on the market to bail us out; the market today is almost absurdly irrational. And the federal government is a tenuous partner at best. No one has studied just much money the feds can actually afford to borrow. How much debt runway do we have? No one knows, but we’re hurtling down it w