A Return to Thrift: Main Street should follow Wall Street's example when it comes to deleveraging

摘要

SOMETIMES IT TAKES a near-death experience to change bad behavior. Think of your friend who quit Lucky Strikes after a coronary incident. Or look at how banks are reducing their dependency on debt after watching rivals go belly-up. On Wall Street this process of reducing debt relative to equity is called de-leveraging. Main Street should be deleveraging too.