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by vkou 3279 days ago
It's a lot easier to do when important sectors of your economy aren't addicted to consumer credit. People don't buy tankers full of oil on credit cards, but they do buy Fords.
1 comments

Blaming debtors for indebtedness is like blaming heroin addicts for drug-running. It's a two-sided market, and savings gluts can and will drive down the price of credit until the market clears.