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I was asked to participate in a bloginar called “The Big Think.” Over the next few weeks we will be commenting on a number of interviews of leading experts on the financial crisis. Full Article at The Money Illusion
Why are Chinese households so much better at saving money than their American counterparts? Full Article at Time Magazine
the world in a window Surowiecki's source-notes on his New Yorker column this week, looking at ways to boost China's consumption Give us 15 minutes of your time, and we will give you everything that matters in the world. Full Article at The Browser
“China makes, the world takes.” For decades, that has been the motto of the Chinese economy, which is built on providing an endless supply of goods for the rest of the world to buy. But these days there’s a palpable sense that this needs to change. Full Article at The New Yorker
The ongoing economic crisis has been, in every way, a crisis of debt. The banks were brought down by mortgage debt. Wall Street -- and, quite nearly, the economy -- was brought down by leverage. Full Article at Ezra Klein
the world in a window Government encourages debt by making interest tax-deductible. We've always done it, but it's stil harmful Give us 15 minutes of your time, and we will give you everything that matters in the world. Full Article at The Browser
John Kenneth Galbraith wrote that all financial crises are the result of “debt that, in one fashion or another, has become dangerously out of scale.” The recent financial crisis was no exception, with everyone—homeowners, private-equity investors, our... Full Article at The New Yorker
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