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We Need More Debt: $152 Trillion is Simply Not Enough to Stimulate the Global Economy!

Wednesday, October 5, 2016 22:22
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mishtalk.com / Mike “Mish” Shedlock / October 5, 2016

Today we learned from the IMF that World Debt Hits $152 Trillion.

That’s a record breaking amount. It’s also more than two times the size of the entire global economy.

The problem is: It’s simply not enough.

How do I know it’s not enough? Paul Krugman, Larry Summers and other Keynesian economists tell us that.

Not Enough Debt

Paul Krugman tells us Debt is Good.

Krugman says … “Believe it or not, many economists argue that the economy needs a sufficient amount of public debt out there to function well. And how much is sufficient? Maybe more than we currently have. That is, there’s a reasonable argument to be made that part of what ails the world economy right now is that governments aren’t deep enough in debt.”

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The post We Need More Debt: $152 Trillion is Simply Not Enough to Stimulate the Global Economy! appeared first on Silver For The People.

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