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GRANTHAM: 'The World In General Exaggerates The Significance Of Debt'

Sam RoApr 17, 2013, 19:00 IST

The debate over the effects of heavy government debt loads on an economy is back in the forefront as economists wrestle with a flaw found in the work of Ken Rogoff and Carmen Reinhart, the foremost economists on the matter.

The Guardian's Leo Hickman recently conducted a lengthy interview with investment legend Jeremy Grantham. And during the interview, Grantham discussed his position on debt, monetary policy and austerity.

Here's Grantham: