As Lending Standards Fall, Worries of a New Bust Rise | Mises Wire

With more than a decade having passed since the financial crisis of 2007/8, the mainstream economics profession still seems to be almost as far from agreeing on the ultimate causes of that crisis as they were from being able to foresee its arrival back in the mid-2000’s.
— Read on

The debt plays a larger role than most could ever imagine.

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