The problem with evaluating debt is not the total level but the pace of acceleration—when debt extends too quickly over a short time horizon (5 years), you end up making bad loans and create instability.
causalpending
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Ruchir SharmaEvidence Quote
“typically it's not the level of debt which matters but it's the pace of acceleration because if you uh extend too much debt over a short uh span of time uh often end up making bad loans”
Created: 8/11/2026, 8:01:53 AM
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