Para reflexão

"for decades, rising debt has turbocharged economic performance; now falling debt will be a drag on economic activity." (Steve Keen's Debtwatch)
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"We know what caused this crisis. The West kept short-term interest rates too low for a quarter century, luring society into debt: and the East held down long-term rates by flooding bond markets as a side-effect of their mercantilist strategy (ie suppressing currencies to gain export share).
The outcome was over-investment, excess capacity, and too much debt among those supposed to buy the goods. Has any of this changed? No. Have we cleared the excess plant? No." (Evans-Pritchard)
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