: Debt grows slower than income and is used for productive activities .
💡 : A "beautiful deleveraging" happens when policy makers balance these tools so that nominal growth stays above the nominal interest rate . If you'd like to dive deeper, I can provide information on: Big Debt Crises
: The economy slowly returns to normal, often taking 5–10 years for GDP to recover . 🛠️ The Four Policy Levers : Debt grows slower than income and is