Macroeconomic stability still depends on creating more debt than we can easily handle. Turner Wolf

 “Precisely,” he /Adair Turner/ says. 

 “We are in the absurd position where we have so much debt that we can only afford it by having interest rates at zero, which creates an incentive to create some more debt.”

 Martin Wolf FT Lunch  June 2016


Between debt and the devil by Adair Turner


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