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The Sovereign Debt Spiral | James Lavish
Forward Guidance
The Zero Interest Rate Policy
All debt does is it brings future productivity into the now, right? Say you want to open a restaurant there. You could either wait and build up your income and your savings in order to get that $100,000. Or you could take out a small business loan,. hard to do under restaurants, but again, for the sake of argument. It's all capital that you've borrowed. And so that's not a bad thing, as long as you borrow responsibly, and you don't get over your ski tips.
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