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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