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Global Wealth and Global Debt - Interview with Jason Furman (Harvard University)
Economics Explained
The Challenges of Repaying Debt
The most important way to repay debt is to have a higher growth rate and a lower interest rate. If you're taking steps that undermine your growth rate, it can help with one hand, but take away with the other hand. And restructuring debt as global interest rates are rising is a difficult thing to do too. But I don't think there's any easy time to start working on this question once you've gotten yourself into the bad part of the spiral.
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