
Can governments spend their way out of a slowdown?
Debunking Economics - the podcast
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Exploring the Interplay of Credit, Debt, and Unemployment
This chapter explores the inverse relationship between credit availability and unemployment rates, indicating that more credit can result in fewer unemployed individuals. It further examines how rising unemployment triggers increased government spending, shedding light on the cyclical interactions of these economic variables and the risks associated with unsustainable private debt.
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