#10 Mr BRICs
Behind the Balance Sheet
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Is There a Way Out of the Productivity Trap?
Weli: I think the oa financial crisis and the covid pandemic has demonstrated that the fiscal debt and fiscal spending things that people like you and i were taught to believe throughout our education might not be right. There's no evidence that debt above 60 % of g d p as devastated anywhere, Weli says. And so what we really need is a much more adult and sophisticated approach which would require a change by the i m f - but will only happen with a bold western country taking the lead. But on ofis lanps for its money in that wayw i mean, the government, the government hands like a cash book. You can't grow enough to get out
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