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Debt-Driven Bubble and Stimulus Impact Debate
This chapter explores the long-term effects of monetary debasement and contrasts the slow nature of a debt-driven bubble with traditional bubbles like real estate. It discusses the impact of massive stimulus packages on the economy, society, inflation, citizens' purchasing power, social mobility, and government intervention in the economy. The debate focuses on whether these programs primarily benefit large corporations and inflate Wall Street or support the middle and lower class without causing runaway inflation.