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Creation of Money - Dr. Steve Keen, Economist

The DemystifySci Podcast

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The Stock Market Tank, Right?

A lot of people are under the impression that the immediate recession is a direct result of these huge government payouts. And it's actually the opposite. If the government hadn't done those payouts, we'd all be bankrupt now. We had the shortest recession in the history of America. The stock market crashed out pretty hard at the beginning of like last year. It fell about 30%, which is fairly substantial. But you know, margin debt really does drive the stock market and margin debt went into reverse starting on October of last year.

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