consider this: economists tell us that the optimum level of total private-sector debt

April 16, 2017 § Leave a comment

consider this: economists tell us that the optimum level of total private-sector debt is 100% of GDP. Based on this equation, if the financial sector only grows, it won’t equal more wealth, but less. So here’s the bad news. In the United Kingdom, private-sector debt is now at 157.5%. In the United States, the figure is 188.8%.
http://evonomics.com/no-wealth-isnt-created-top-devoured-rutger-bregman/

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You are currently reading consider this: economists tell us that the optimum level of total private-sector debt at Wednesday in the Age of Reason-Munchausen (1988).

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