"And we've created this quite interesting set of financial outcomes where we've really, really rewarded people who took quite risky economic actions, which is to take on huge amounts of debt and to buy huge amounts of assets and take huge amounts of price risk but they have made money because prices have gone up."

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Performed by Gary Stevenson
@garyseconomics

Produced by Simran Mohan
@mohanmedia

TIMESTAMPS
00:00 Snippet Introduction
00:23 What is Debt?
04:16 Who Owns the Debt?
08:58 Debt is a Form of Ownership
14:00 Who takes the Price Risk?
17:13 Debt has Devalued
21:13 Who Really Owns Things?