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The Modern Economy Is Rigged With Dean Baker

Lead-Lag Live

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Government Debt

"Debt is deflationary when you can't issue more of it. And that's where it becomes a problem," he says. "So as long as you keep on issuing debt, you can argue that that kind of writes itself over time" He adds: "I don't need to say it can never be a problem but we're not in a situation like Japan."

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