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Olduvai III: Catacylsm
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The Other Two Kinds Of Debt

The Other Two Kinds Of Debt “Any corporation, private or governmental, that wishes to provide for a sound and equitable continuity of its business must take steps towards the systematic retirement of debt immediately after it has been incurred. Postponement of all payment for property or privileges by those who presently enjoy their benefits is […]

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Falling Interest Rates

Falling Interest Rates Amassing Unproductive Debt Last week, we discussed the marginal productivity of debt. This is how much each newly-borrowed dollar adds to GDP. And ever since the interest rate began its falling trend in 1981, marginal productivity of debt has tightly correlated with interest. The lower the interest rate, the less productive additional […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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