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Addison Wiggin, a proponent of Austrian Economics, will give us his view on how the current global economic pathology will play out. Debt is the raw material from which our fiat money is manufactured. With every new stimulus, debt grows much more rapidly than income. Thanks to massive printing press money since Nixon took us off the gold standard in 1971 capital has been invested poorly resulting in horrible returns even as debt has grown exponentially. Now, no matter how much stimulus is added to our economy, downward prices threaten a massive deflation. Are we facing a deflationary depressi
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