Season 1 · Episode 104
Do high mortgages slow growth?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
June 13, 201825m 56s
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Show Notes
Ask a conventional economist about household debt and they’ll say it’s not an issue. The money you spend on repayments won’t be spent on shopping, but whoever gets that money will spend it and keep it circulating. Phil Dobbie asks Prof Steve Keen whether, in that case, debt matters. Listen in to hear Steve’s explanation on why it does matter, and why high mortgage debt slows down the economy.
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