Did skyrocketing personal debt cause the Great Recession? | The Week

Did skyrocketing personal debt cause the Great Recession? — (Image credit: YouTube)

That's the thesis of a new book, called House of Debt, by the economists Atif Mian and Amir Sufi. In an interview with the Financial Times' Cardiff Garcia, they explain their reasoning and evidence. Check it out. --Ryan Cooper

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Ryan Cooper is a national correspondent at TheWeek.com. His work has appeared in the Washington Monthly, The New Republic, and the Washington Post.