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We Are In A Scary Debt Spiral With James Lavish

Lead-Lag Live

00:00

Debt Can Be Good, Right?

I'm not against debt. I think that debt can be very helpful, but we've spent too much in the U.S., he says. We don't have anybody in place who's in charge of this balance sheet that has incentive to reduce the spending on it,. He adds: "Nobody is incentivized to fix this problem because we can always print more money"

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