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Next economic question. WHY is debt so prevalent throughout the world today?
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zenfarm
Posted 2/24/2015 20:54 (#4411863 - in reply to #4411685)
Subject: RE: Next economic question. WHY is debt so prevalent throughout the world today?


South central kansas		I tend to agree with the first part of your statement concerning savings and investment and credit. The housing collapse of 2008 should be a warnings of the limitations of credit creation, as well as other periods through out history, where credit created vulnerabilities that became a "fine mess".



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