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Antonio Fatas and Ilian Mihov on the Global Economy: Gross Mistake

April 5th, 2013 · No Comments

it is not correct to argue that every time we see debt increasing it means that someone is living beyond his or her means. The reason is that we need to consider assets and not just liabilities. This argument becomes even more relevant when you go from an individual to a country as what is debt for a person is likely to be an asset for someone else.

via Antonio Fatas and Ilian Mihov on the Global Economy: Gross Mistake.

Tags: Economics · Public sector deficits and debts