The Debt Ponzi, Not Inflation, Is The True Threat | Michael Lebowitz
Thoughtful Money with Adam Taggart
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Challenges of Sustained Fiscal Stimulus and Rising Debt
The chapter explores the normalization of extensive deficit spending by governments, raising concerns about inflationary impact and the difficulty of reversing this trend. It discusses the negative multiplier effect of government debt on the economy and draws parallels with Japan's economic situation. Additionally, it highlights demographic challenges and the shift away from capitalist principles due to reliance on credit growth.
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