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MacroVoices #435 Daniel Lacalle: Navigating Monetary Debasement
Macro Voices
The Deception of Economic Growth
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The destruction of the purchasing power of currency leads to government debt bubbles bursting, resulting in stagnation in economies like Japan and the Eurozone. Despite a dynamic economy, the United States is not growing as it should due to debt, government spending, and deficits. This has led to negative real wage growth, despite media reports of a booming economy.
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