The 10 Most Fiscally Irresponsible States

<img class="alignleft size-full wp-image-792" title="2345895971_e8cd13e980_m" src="https://americanmonetaryassociation.org/wp-content/uploads/sites/15/2011/07/2345895971_e8cd13e980_m.jpg" alt="" width="240" height="160" />Sometimes the best way to get someone to change a bad habit is by exposing them publicly. Well, when it comes to fiscal irresponsibility, the federal government wins, hands down. No single state in the union can hold a candle to Uncle Sam's raging, decades-long <a href="http://www.brillig.com/debt_clock/" target="_blank">spendathon</a>. But there are ten states that have distinguished themselves from the pack via the means of their citizens racking up a tremendous amount of debt. The following list comes to us courtesy of <a href="http://moneywatch.bnet.com/saving-money/blog/devil-details/debt-in-america-most-least-indebted-states/4899/" target="_blank">Moneywatch</a>.

Beating Inflation With Debt, The Anti-money

Beating Inflation With Debt, The Anti-money

AmericanMonetaryAssociation.orgIf inflation describes the process of money becoming less valuable, then the solution is to own as little of it as possible, right? Not exactly. The opposite of money is not lack of money but rather debt. When you owe money to someone, you have created a sort of anti-money which exists as the polar opposite to money. This is a bad thing, right? Not always. When the money of a country is being continually devalued by government policies, then the way to create wealth is to collect more of the anti-money, which is debt.