BUSINESS

The Debt Economy - How The Tax Code Encourages Debt : The New Yorker

Mar 18, 2010 | Updated May 25, 2011

. Debt didn't get dangerously out of scale because the system was broken. It got out of scale, in part, because the system worked.

The government doesn't make people go into debt, of course. It just nudges them in that direction.

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