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Aren't Aware of the Dangers of Private Debt?
Yadhat: People don't think there's any particular problem that matters about the level of private debt. If you have people deciding they can't afford to be creditor any more, than people pay their debt down, and the money supply falls,. he says. Yadhat: This o be a case with central banks, rather than fine tuning economy and crushing yes. And it could be driven by a number of factors - perhaps people want a better life instead of making more money.