When government debt grows, private investment shrinks, lowering future growth and future wages.Government debt is bad for growth.
If your search phrase includes the words "private debt" you turn up statements like this:
Private debt can slow the economy even in times of overall growth.Private debt is bad for growth.
Why those two guys can't sit down, have a beer, and agree that debt is bad for growth, is beyond me.
No comments:
Post a Comment