Graph #1: Growth Rates of Household Debt, Private Non-Financial Debt, and Non-Federal Debt |
The fall of financial costs helped business keep inflation low. The growth of household debt was enough to bring demand and economic growth up.
Challenging the Premisses
Start with the debt problem, three views of it,
and the most important thing. Here's a longer look at the debt problem.
Here's a short one on economic policy, some surprising trends, and a few unusual policy recommendations. How'd we get into this mess? Read Policy Venn and Policies of the Venn Overlap. Still with me? Read A Matter of Life and Death. And for an overview, download my 12-page PDF |
Graph #1: Growth Rates of Household Debt, Private Non-Financial Debt, and Non-Federal Debt |
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