In this SPECIAL EPISODE of Money Lessons, Andy discusses the implications of the U.S. government's interest in acquiring Greenland, arguing that such a move could exacerbate global tensions, undermine the country's financial stability, and have direct negative consequences for the average citizen. He emphasizes the importance of maintaining strong global alliances, particularly in light of the U.S.'s significant national debt, which stands at over $38 trillion. Temte warns that escalating tensions could lead to foreign governments selling U.S. Treasury bonds, destabilizing financial markets and increasing borrowing costs for both the government and consumers.

In this episode of Money Lessons, Andy explores the complexities of sovereign debt, focusing on historical examples of nations that have defaulted on their obligations. He discusses the immediate relief that defaults may provide, but emphasizes the long-term consequences, including loss of credibility, economic isolation, and political instability. 

The episode highlights the importance of understanding the implications of broken promises in government borrowing and sets the stage for future discussions on corporate debt.

First, most businesses function better when the economy is stable, and fiscal policy has a major impact on economic stability. Yes, there are businesses that thrive on chaos, but those are the exception and not the norm. The vast majority of us value reliability, predicability, and high-functioning governmental entities and policies that support business growth and consumer well-being. Fights about the debt ceiling do neither of these things.