The Plaque In Our Economy Debt
Debt service is like plaque building up in the arteries — eventually, it starts to squeeze out other spending within the economy. So what happens when the country is overspending by 40%? What happens when central banks are forced to print money? What happens when the “circulatory system” of our credit markets reaches its tipping point? I address these questions and more in this discussion with David Rubenstein. If you’re interested in learning more, I hope you’ll give my latest book, How Countries Go Broke, a read.
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