{
  "title": "Unequal = Indebted",
  "publication": "IMF Podcasts, December 8, 2011",
  "sourceUrl": "https://www.imf.org/en/news/podcasts/all-podcasts/2017/11/10/unequal-indebted",
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  "summary": "Kumhof sees similarities between the great depression and the current crisis.",
  "publishDate": "2011-12-08",
  "sections": [
    {
      "heading": "Central findings and argument",
      "content": "- For the last three decades, in many countries, the rich have become ever richer, while the vast majority have seen their incomes stagnate.\n- This increasing income inequality has been coupled with ever greater debt burdens.\n- IMF economists draw a link between higher inequality and increased debt.\n- Michael Kumhof, IMF Research Dept, identifies similarities between the Great Depression (food lines during the Great Depression, 1930, cited) and the current crisis."
    },
    {
      "heading": "Key themes discussed in the episode",
      "content": "- The evolution of income distribution over the last three decades and its macroeconomic implications.\n- The relationship between rising inequality and rising household and/or national indebtedness.\n- Historical parallels used to contextualize contemporary financial stress (reference to the Great Depression, 1930)."
    },
    {
      "heading": "Participants and production",
      "content": "- Michael Kumhof, IMF Research Dept — contributor presenting the IMF economists’ analysis linking inequality and debt.\n- Bruce Edwards — produces the IMF podcast program; award-winning audio producer and journalist who has covered armed conflicts, social unrest, and natural disasters; believes economists have an important role in solving the world's problems and aims to showcase their research in IMF podcasts.\n- Rhoda Metcalfe — independent journalist and audio producer."
    },
    {
      "heading": "Date",
      "content": "- December 8, 2011"
    }
  ],
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    "For the last three decades, in many countries, the rich have become ever richer, while the vast majority have seen their incomes stagnate.",
    "This increasing income inequality has been coupled with ever greater debt burdens.",
    "IMF economists draw a link between higher inequality and increased debt.",
    "Michael Kumhof, IMF Research Dept, identifies similarities between the Great Depression (food lines during the Great Depression, 1930, cited) and the current crisis.",
    "The evolution of income distribution over the last three decades and its macroeconomic implications.",
    "The relationship between rising inequality and rising household and/or national indebtedness.",
    "Historical parallels used to contextualize contemporary financial stress (reference to the Great Depression, 1930).",
    "Michael Kumhof, IMF Research Dept — contributor presenting the IMF economists’ analysis linking inequality and debt.",
    "Bruce Edwards — produces the IMF podcast program; award-winning audio producer and journalist who has covered armed conflicts, social unrest, and natural disasters; believes economists have an important role in solving the world's problems and aims to showcase their research in IMF podcasts.",
    "Rhoda Metcalfe — independent journalist and audio producer.",
    "December 8, 2011",
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  ],
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      "title": "Unequal",
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}