Detailed text transcripts for TV channel - CNN - 20161115:14:48:00
Leave debt. and sometimes if your only approach is cutting spending at a time when the economys contracting, then the economy will contract further and that can add debt. now the advantage we had is that the dollar is the reserve currency of the world. even in the midst of crisis people were still buying u.s. treasury bills. we were not part of a broader arrangement like the eurozone so it gave us some additional flexibility, but the key lesson that weve drawn from our experience, and its true t...
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