The lesson is simple: we should worry less, but for the fact that governments have borrowed from investors driven by pure stupidity – or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories. Read more at http://www.project-syndicate.org/commentary/debt-and-delusion#CXQGpKclRJh1Hp7z.99
Debt and Delusion
The lesson is simple: we should worry less, but for the fact that governments have borrowed from investors driven by pure stupidity – or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories.
Read more at http://www.project-syndicate.org/commentary/debt-and-delusion#CXQGpKclRJh1Hp7z.99