Abstract
A hallmark of financialization has been massive increase in inside debt (debt contracted between private sector borrowers and lenders).1 Increased debt has played a critical role within the corporate sector, financing leveraged buyouts and transforming corporate cash flows into interest payments that squeeze workers by limiting financial resources available for wage payments.
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© 2013 Thomas I. Palley
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Palley, T.I. (2013). Deflation and Inflation Dynamics with Debt. In: Financialization. Palgrave Macmillan, London. https://doi.org/10.1057/9781137265821_5
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DOI: https://doi.org/10.1057/9781137265821_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-46829-1
Online ISBN: 978-1-137-26582-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)