Debt Is One Person's Liability, But Another

The Real Danger With Debt Is What Happens If Lots Of People Decide, Or Are Forced, To Pay It Off At The Same Time.

Debt Is One Person's Liability, But Another Person's Asset.

Default Is Not In Our Stars, But In Ourselves.

However, The Fact That An Economist Offers A Theoretical Analysis Does Not And Should Not Automatically Command Respect. What Is Needed Is Some Assurance That The Analysis Is Actually Relevant.

To The Extent That Sacrifices Need To Be Made, Shouldn't The People Who've Made Out Like Bandits This Past Generation Be First In Line? The Problem With Getting Out Of The Slump Is That We Need To Spend More. It's Not That Somebody Needs To Spend Less. We Have Idle Workers Who Have The Skills And The Willingness To Work. We Have Idle Factories. Dealing With This Is Not About Saying Somebody Needs To Suffer. It's Saying That We Need To Be Prepared To Open The Taps.