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7/11/24 Mike Swanson on the Concerning Growth of the Debt-to-GDP Ratio
Mike Swanson returns to the show to talk about the state of the economy. He fills Scott in on some of the work he’s done analyzing how economies fare once the national debt-to-GDP ratio reaches a certain height. What he’s found is that serious issues tend to kick in right at the level the US is projected to hit in 2026. He and Scott discuss this and other topics related to the American economy.
Discussed on the show:
This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart and Kenneth S. Rogoff
Principles for Navigating Big Debt Crises by Ray Dalio
Soylent Green (IMDb)…
The skinny
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