Delete comment from: Captain Capitalism

Captain Capitalism said...

I subscribe to being more of a monetarist, the level of money is irrelevant, it's how much we produce. Though you are correct in that consumer spending was in part fueled by debt, and that if you can't get your HELOC to buy that new SUV, then this may throw us into a recession.

Sep 5, 2007, 11:41:00 PM

Posted to How the Economy Can Grow While the Housing Market Crashes