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In other words, does high debt cause slow growth?
It should be judged by looking at what types of debt cause people the most stress, disrupt their relationships with those around them, and undermine their capacity to help themselves".
In fact, I think the United States is setting itself up for a Latin American-style financial crisis, in which fears that the government will try to resolve its dilemma by inflating away its debt cause interest rates to soar.
Will the mounting debt cause a financial hardship on Americans?
The consequences of loan debt cause ripples: millennials are increasingly delaying a graduate education, purchasing a car or buying their first homes.
However, it doesn't slow by very much, and Reinhart and Rogoff have never been able to answer the critical chicken-egg problem at the heart of their research: Does high debt cause low growth, or the other way around?
Similar(54)
"Debt causes depression," he says.
One source suggests that debt caused the secession.
Of course, debt causes huge stress among students.
That is because it does not alter any of the three major debt causes listed above.
The country had defaulted and restructured its debt, causing losses among bondholders.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com