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Rethinking Debt and Economic Growth
This chapter examines the relevance of the debt to GDP ratio as an economic indicator, contesting the notion that high government debt forecasts negative outcomes for economies. It highlights how government debt, when viewed in the context of productivity and growth potential, can catalyze economic expansion rather than detriment. The discussion further addresses the intricate relationship between inflation, fiscal policies, and productivity, emphasizing the need for an open-minded approach to economic theories.