ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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It's the Private Debt, Stupid!


Originally coined by his campaign strategist James Carville as “the economy, stupid!” for the internal consumption of Bill Clinton’s election campaign team, “it’s the economy, stupid!” was Bill Clinton’s slogan in his successful presidential campaign against George H W Bush in 1992. Had Bill Clinton been able to run against Donald Trump in the 2016 United States (US) presidential election and the International Monetary Fund (IMF) been his campaign strategist, his 2016 election campaign slogan could have been “it’s the private debt, stupid!”

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