Author: climateer
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A topic near and dear to our jaded hearts.This is a real problem, whether you call it "Marginal Productivity of Debt" or "Debt Saturation" or "Bang-for-the-Buck", we are running faster and faster just to stay in place. This is not a new phenomena, the piddly 6.5% GDP growth we just saw, despite the trillions and trillions in new debt is just the latest example. Here’s an example from 2012:The
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