5% debt isn't "expensive", it's back to the pre-GFC normal, as their own Figure 1 shows. Arguably a lot of the nonsense in how resources have been spent since 2008 is due to the fact that the cost of money was too low. Getting back to the pre-GFC normal will, no doubt, be painful as a hangover. It doesn't mean "hair of the dog" would be a good idea.
unknown|10 months ago
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rossdavidh|10 months ago