$10 trillion of corporate debt propping up the economy? What could go wrong?

Let me get this straight …

We’re in an era in which corporations are given every conceivable break to do whatever the hell they want and barely pay for it. And they’re still borrowing so much that they’re getting BBB ratings?

So when the next recession hits, the government and corporations will have already gone so deep into the red that no rational person will lend them another dime?

Yeah, this’ll end well.

This news comes to you from The Washington Post, and whatever you think of Amazon’s business practices, at least Jeff Bezos is keeping such reporting alive. Similar stories are at NPR and the Financial Times.

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