Ep 81 Interview Daniel Lacalle: How the Left Destroys Economies
Peter St Onge Podcast
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The Pitfalls of Deficit Spending
This chapter explores the negative consequences of heavy government spending and deficits in a low-growth economy, particularly its impact on the middle class and real wages. It critically examines the issue of debt forgiveness, suggesting it creates moral hazards and perpetuates economic stagnation while failing to support the intended beneficiaries.
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