Buy, Borrow, Steal
Hidden Brain
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What's the Difference Between Company Debt and Government Debt?
Household debt is different from corporate and government debt, says Andrew Keen. He argues there's a sharp distinction to be made between the two types of borrowing. The key question is whether money is being used for what we would think of as productive investment or if it's just being used to generate spending. But he adds that most people who borrow a lot never end up seeing very high income....
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