The Paradox of Toughness in Keynesian Economics

In order for the economy to grow over time, you need someone's balance sheet to be expanding. The main driver of that is the private sector balance sheet through borrowing from banks and non financial institutions. When most of the developed countries stopped borrowing money, then the economy becomes more prone to what I call the cycle bubbles and balance sheet sessions. This episode is sponsored by the Ponzi Playbook Podcast. Join hosts Neil MacTie and Javier Leyva as they take you on a journey through the seedy world of financial fraud.