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Buy, Borrow, Steal

Released Monday, 22nd June 2020
Good episode? Give it some love!
Buy, Borrow, Steal

Buy, Borrow, Steal

Buy, Borrow, Steal

Buy, Borrow, Steal

Monday, 22nd June 2020
Good episode? Give it some love!
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Policymakers have a tried-and-true game plan for jump-starting the economy in times of severe recession: Push stimulus packages and lower interest rates so Americans will borrow and spend. But economist Amir Sufi says the way we traditionally address a recession is deeply flawed. He argues that by encouraging "sugar-rush" solutions, the nation is putting poor and middle-class Americans and the entire economy at even greater risk. This week we look at the role of debt as a hidden driver of recessions, and how we might create a more stable system.

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