Monday, August 20, 2012

Economics:  Leverage, Debt, and Entitlement

We must overcome the many years during which policymakers lost sight of sustainable drivers of growth and jobs and instead ended up relying on excessive leverage, over-indebtedness and an absurd sense of credit entitlement.)

For more, see Paul Ryan's Plan and the Next 'New Normal' by Mohamed a. EL-Erian, August 13, 2012 at The Washington Post.

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