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Why Is the Economy Sputtering?
Policy makers often think of solutions when economy is sputtering. Invariably, what that means is getting people to borrow again. Ultimately, it has to be that we tackle the more fundamental issue: why is there so much debt? Why are people borrowing well beyond their means? And in my view, that's very closely connected to the idea of stagnating middle class incomes, extreme income and wealth and equality....