Debunking Economics - the podcast cover image

Rate rises and inequality

Debunking Economics - the podcast

CHAPTER

The Importance of Debt Service

If all of a sudden I don't have any debt, your spending capacity goes through the roof. And that would be inflationary, wouldn't it? It's yeah. We need to start to try and stop your spending. But how does that solve where we are now? So if you did a debt, you won off. It's a pretty damn big one. The finance sector is the vampire in this situation. If you take the finance sector out, you drop the cost of production dramatically. That higher cost doesn't mean they're better to live in. You've got to reduce their power,. Most of the debt that they've got us into is on productive debt. This is

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