2012-11-26washingtonsblog.com

We've extensively documented that too much private household debt is killing our economy.

While Ben Bernanke and other economists who are running our economic policy literally believe that the amount of private debt doesn't matter and isn't even important to quantify, economists at the "central banks' central bank" -- the Bank of International Settlements -- and many other leading economists say that high levels of private debt create a tremendous drag on the economy.


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