February 1, 2010
I’ve written a lot about how important debt has been to fueling growth over the past 30 years. If you assume that the total possible debt has been put on the consumer economy, then you begin to see how important creating fundamental sources of new revenue are to our economic recovery.
The logic is very simple. [...]
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February 1, 2010
What role is human emotion playing in the prospects for an economic recovery?
Robert Shiller expressed his concern in this Sunday’s New York Times that a deflated population, burned by the excesses of the last decade, are feeling detached from the responsibility and opportunity to drive an economic recovery.
A USA Today/Gallup poll, for example, found this [...]
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