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

Friday, March 17, 2017 9:47
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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.

The post The Pernicious Effects of Debt Accumulation: An Interview with Lacy Hunt appeared first on The Spellman Report.



Source: http://thespellmanreport.com/2017/03/17/pernicious-effects-debt-accumulation-interview-lacy-hunt/

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