Karl Marx: Going On Credit Cards

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KarlBonner1982
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Published on ● Video Link: https://www.youtube.com/watch?v=_bdzfRg9yBU


Duration: 5:57
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A better-quality version of the clip. Basically, if you have low wages your aggregate demand will start to slump unless you use something like a credit/debt bubble to artifically inflate demand. But we all know the end-game of that, which hit in 2008!!!!



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Tags:
karl marx
credit card
debt
economic crisis
2008 financial crisis