Debt-Ans.Com

By Edward Harrison of Credit Writedowns . DoctoRx , Rob Parenteau and Marshall Auerback have each written articles here to bring clarity to some issues I first raised at the beginning of the month in my post, “ The recession is over but the depression has just begun .” As I see it, the issue we are debating has to do with how the government responds when large debts in the private sector constrain demand for credit in the face of a severe economic shock and fall in aggregate demand. I