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Jun
29

Doing the same thing over and over and expecting different results

SoundsĀ about right.

Regardless of whether you call it debt saturation or diminishing return on new debt, the notion that taking on more debt will magically enable us to "grow our way out of debt" is not supported by data.

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charles hugh smith-Why The Debt-Dependent Status Quo Is Doomed in One Chart
The weblog, wEssays, feature articles and
works of fiction of Charles Hugh Smith

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