"Down with Debt"
Posted by LeGianT on July 27, 2009
“…The Federal Reserve wants to reinflate the credit bubble and engineer a return to the old days. But that isn’t possible. When a nation’s businesses and households take on too much debt and the economy stumbles, the cash flow needed for financing dries up, defaults rise, and a vicious cycle of falling incomes, asset prices, and collateral values begins. That cycle ends only when asset prices, debt levels, and incomes get back into balance. Misuse of consumer credit is gone for good…”
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