Sunday, June 29, 2014

Mian and Sufi's book

The House of Debt is drawing good reviews. From Sumners' review "So their story of the crisis blames excessive mortgage lending, which first inflated bubbles in the housing market and then left households with unmanageable debt burdens. These burdens in turn led to spending reductions and created an adverse economic and financial spiral that ultimately led financial institutions to the brink."
P.S. Part of an interview with he authors

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