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2007 winner Scott Reynolds Nelson’s latest book gives a thorough rundown of America’s history with debt—a history that is as old as our country. In “A Nation of Deadbeats,” Nelson describes us as a nation of “dreamers and defaulters.” His timing could not be better, as our nation deals with the “fiscal cliff” negotiations. In the video above, he talks about some of the themes in his book, as well as the good things that have come from our debt, including, among other things, the Louisiana Purchase and westward expansion.
