American debt levels are hugely out of line with other countries. I’m a big fan of American exceptionalism, but in this case, I’ll say that we’re at least partially in error. We need to take the downside of leverage much more seriously, starting with our nation’s business schools. OF course, I don’t expect people taking on $100,000 worth of debt to be too easy to persuade of the dangers of leverage.
Megan McArdle, “Asymmetrical Information: Learning to (un)Love Leverage”, The Atlantic, 2009-07-17
July 18, 2009
QotD: Leverage
Comments Off on QotD: Leverage
