The Problem With Household Debt Cycles

It seems very important that we get a handle on these household debt cycles. The foregone growth means that, you know, we might end up occupying future states that are less prosperous than what we could have enjoyed. What solutions do you have going forward? Have you thought about this?Yeah. So the one, there are two sets of solutions that we discuss in the book. One is the technical term: macroprudential regulation. Another is to try to attack the instrument of debt itself.