This was part of a general explosion of debt which saw total debt (financial, corporate,

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• The Ascent of Money whole source · open book

  This was part of a general explosion of debt which saw total debt (financial, corporate, household and government) rise from just over 160 per cent of GDP in 1974 to more than 350 per cent in 2008.

  chapter: 7: The Descent of Money

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