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Debt Dynamics and Economic Resilience
This chapter examines the role of debt as a strategy for economic growth, particularly in light of past financial crises and the influence of countries like China. It contrasts the common reliance on debt with alternative revenue-generating strategies such as exporting, while addressing the complexities of the current economic landscape. The discussion concludes with an analysis of the US economy's resilience against slowdown risks, emphasizing cautious optimism amidst economic fluctuations.