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Daniel Lacalle: Raising Taxes Won't Fix the'Debt Bomb' and Why Currency Debasement is "Intentional"

Coin Stories

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Understanding the Economic Impact of National Debt

This chapter examines the negative impacts of escalating national debt on GDP growth and underscores the flawed belief that government spending consistently drives economic prosperity. It critiques the use of debt as a tool to cover unsustainable entitlements, warning of potential currency debasement as a consequence.

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