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Since the onset of the Great Recession in 2007, many American households and businesses have substantially reduced their indebtedness. That was a rational decision. A key cause of the boom that led to the bust was excessive leverage, itself a product of the Federal Reserve Board's easy-money..
Since the onset of the Great Recession in 2007, many American households and businesses have substantially reduced their indebtedness. That was a rational decision. A key cause of the boom that led to the bust was excessive leverage, itself a product of the Federal Reserve Board's easy-money..
 
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