Trillion Dollar Triage
Slate Money
00:00
Is There a Need for Debt Service?
If there are fewer people working to rat your slowing, your reducing aggregate demand. And that kind of activity slows down. But the mechanism by which you get fewer people working is that their employers are being forced to spend more on debt repayments. So it still, the channel is still indebted employers. There's no shortage of indebted employers out there.
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