| http://www.w3.org/ns/prov#value | - Moreover, people who own debt, especially debt that is supposed to be ???safe???, are prone to running from the financial system if they are forced to endure a haircut to their principal. (Inflation, by contrast, does not seem to produce the same investor behaviour???even if the loss of real wealth is equivalent.) Over-borrowing therefore makes the economy far more vulnerable to small shocks, thus
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