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The Pernicious Effects of Debt Accumulation: An Interview with Lacy Hunt

This monthly SpellmanReport is an interview with Lacy Hunt, Ph.D., a prominent economist and investment manager noted for his views on inflation and deflation, interest rates, and monetary policy. Here, he discusses the effects of high country debt relative to income that sets off a dynamic self-reinforcing process of slower growth — which, in turn, generates additional debt.

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This post first appeared on The Spellman Report - Where The Economy And Market, please read the originial post: here

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The Pernicious Effects of Debt Accumulation: An Interview with Lacy Hunt

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