Richard Duncan and Macro Economics
Money Tree Investing
00:00
Credit Growth Drives Economic Growth
Economy and the global economy increasingly dependent on credit. Total debt first went through one trillion dollars in 19 64. By two thousand and seven, it had expanded in forty three years to 50 trillion dollars. And now it's 85 trillion dollars. So credit growth has become the main driver of economic growth. When credit doesn't grow, then we run into ous problems.
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