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Unfortunately, few economists appear in a position to explain coherently why a debt that is heavy may be bad for the economy.

This declaration might seem astonishing, but ask any economist why an economy would suffer from having an excessive amount of debt, in which he or she typically responds that a lot of financial obligation is an issue since it may cause a financial obligation crisis or undermine self- self- confidence throughout the economy. (not only this, but just how much financial obligation payday loans Ohio is considered way too much appears to be a much harder questions to respond to.) 2

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