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Conditioned to borrow, not save

Steve and Phil look at how he focus on borrowing is stopping investing in productive causes.

This week Phil and Steve dismantle the structural shift of the global economy toward a permanent state of debt dependence. Following a critique of Steve’s recent debate on the Piers Morgan show and a revisit to last week’s discussion on th link between energy and productivity, they look at how policy since the 1980s aggressively incentivizes borrowing o…

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