Debt - consumer, government and business - it turns out, has been driving our economic growth the past decade. Who knew? Anyone paying any attention at all, that's who.
Newsweek has a great article on how we became a debt-based economy, the consequences and the possibly bleak economic future it has wrought.
For those of you with short attention spans, don't worry, the article is short. But it's pretty much a downer, so if you're looking for a pick-me-up, don't click on the link.
Monday, April 21, 2008
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