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Governments should do something like this, too, and not just rely on debt.
We've seen what happens when you rely on debt and inflated assets to keep the economy afloat.
Even after the worst of the crisis passed, China continued to rely on debt to fund growth.
Inequality saps the economy by draining the buying power of Americans whose incomes have stagnated, forcing them to rely on debt to fund education, housing, and health care.
Life will be harder for entrepreneurs: more than half of all new firms rely on debt finance.For policymakers, the priorities are clear.
Most modern companies rely on debt financing, and Islamic scholars advising the Dow Jones Islamic Index and Amana have decided that a modest degree of debt is acceptable.
Similar(47)
America (and other deficit nations) can no longer rely on debt-supported consumption for growth, and China (and other surplus countries) can no longer depend on subsidised exports for growth.
Small businesses relying on debt financing would also be harmed.
All of this has been achieved without relying on debt.
They relied on debt or retained earnings to grow.
In past years, many of those customers could have relied on debt, often a home-equity line of credit or a credit card, to tide them over.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com