1406 - The Government Has Taken a Permanent Intellectual Vacation by Andreas Mueller

Last week, the federal government announced plans to block medical debt from credit reports, which are used to evaluate a borrower’s financial fitness for large-ticket items, specifically mortgages and car loans. This would make it easier for folks to acquire more debt and not be “judged” for it.  All things being equal, it’s not a good idea. Let’s ignore for now whether this is right or wrong and try to exclude all political thoughts. Let’s just look at the facts. Learn more about your ad choices. Visit megaphone.fm/adchoices