Relevant:
- Student debt crisis enters a tipping point -- Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.
- Great Debt Unwind: Consumer Bankruptcies Jump, First since 2010; Commercial Bankruptcies Spike
- GDP and Debt Growth in United Sillyland of America
- Lewitt: Economy Is Weakening as Crushing Debt Loads Hinder Growth
- Greek debt becoming less sustainable
2015-06-14 — bawerk.net
``Despite futile attempts to disprove it, higher debt levels does lead to lower growth and the reason is simple. Every added percentage point of debt -- over GDP -- must by definition be less productive than previously added debt. As more and more debt accumulates the economy must support debt that at some point subtract from production.
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