Wednesday, May 13

Overleveraging - too much borrowing - was a core cause of the recent financial crisis, or crises. It's one of the few "common sense" economic ideas that has weight: borrowing should not get out of line.
Megan McArdle looks at the plans for borrowing coming out of Washington, and raises some concern.
What's a trillion dollars again? Oh, it's a dollar a second for 310 centuries.

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