Thursday, December 6, 2012

Must read: Worrying about the wrong kind of debt

Robert Wright, writing in The Atlantic, considers what may be a key metric of danger to the economy in What if the Fiscal Cliff Is the Wrong Cliff?, making a strong argument for restructuring of private debt not just to improve the economy, but to avert the continuing threat of economic depression. Key concept: we're still in deep enough to crash the bus.

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