Episode 6: Peter Farac
Prometheus Podcast
00:00
Debt Dynamics and Economic Growth
This chapter examines the intricate relationship between different types of debt—corporate, household, and government—and their impact on economic growth over time. The discussion emphasizes the cyclical nature of private borrowing and its role in financial crises, while also addressing the complexities of forecasting various debt levels. Key themes include the indirect stimulative effects of federal interest payments, the global implications of sovereign debt, and a novel approach to understanding liquidity in the economy.
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