Hedge funder Mark Spitznagel says there’s ‘something immoral’ about America’s reliance on debt — and future generations ‘will bear the burden’

Mark Spitznagel, co-founder and CIO of the private hedge fund Universa Investments, is known for making juicy returns for wealthy investors with his patented tail-risk hedging strategy, a form of market “insurance” that pays handsomely during times of economic and market turmoil. But when it comes to his generation’s debt obsession, Spitznagel sounds more like a social activist than a…