panda
House of debt
Foreclosure
Finanzkrise
Debtor and creditor
Consumer credit
Debt
Global Financial Crisis, 2008-2009
United states, economic conditions
Financial crises
Prevention
History
Though the banking crisis captured the public's attention, Mian and Sufi argue strongly that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit is disastrously counterproductive when the fundamental problem is too much debt. Excessive household …
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