U.S. PRIVATE DEBT BURDENS ARE CLEARLY MANAGEABLE, LOW
This article comes from our electronic archive and has not been reviewed. It may contain glitches.
Sunday, January 26, 1992
We hear lots of misinformation about how a crushing level of private debt is allegedly a major obstacle to economic recovery, and to prosperity throughout the 1990s. The decade of the 1980s, we are told, saw unsustainable debt levels built up, both by individuals and by corporations or so the wailing goes. The debt load is so heavy, according to this line of thinking, that growth rates will be puny for years to come while we work our way out from under the heavy load.
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