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4min chapter
Worldwide Debt Spiral with James Lavish (WiM294)
The "What is Money?" Show
The Exponentiality of Debt to GDP
The next time we print money, we printed what $7 trillion this time? And it was $700 billion in the great financial crisis. I think it's going to be in the teens or maybe the 20s next time. If you have something, you can't let these big banks fail. We're so levered the entire world. How can you have right and a half global debt to GDP? Just keep printing. We're just pushing off. We're borrowing from future product. Yeah. As long as it's used responsibly, commercial debt is useful. It actually is.
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