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Is There a Sustainable Level of Public Debt?
India and the US have a similar approach of not forcing people to pay their rent during tough times, leading to banks absorbing the loss/nCertain regions like Latin America have made adjustments from past debt crises, but not all countries have/nA mild recession with high interest rates could lead to prominent examples of fiscal challenges in the developed world/nA book co-authored by the speaker 13-14 years ago suggested a sustainable level of public debt exists, but their current stance is unclear