andrewspittle + economics   2

Nobody Understands Debt
"Deficit-worriers portray a future in which we’re impoverished by the need to pay back money we’ve been borrowing. They see America as being like a family that took out too large a mortgage, and will have a hard time making the monthly payments.

This is, however, a really bad analogy in at least two ways."
NYTimes  PaulKrugman  economics  debt 
january 2012 by andrewspittle

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