I always worry when someone writes something about economics that seems very reasonable to me, but extremely few commentators are discussing the issue at all. Is it my lack of understanding of economics, or is it a case of the obvious being ignored by most economics commentators for political or other reasons?
That's the feeling I have with this short piece in The Guardian by Phillip Inman: Debt will kill the global economy. But it seems no one cares.
This might help explain why the Guardian article is BS
ReplyDeleteNY Times
ReplyDeletesecond go at the link :-)
Yes debt is a disaster and its an indication of financial sector dead loss and overhead.
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