No Body Understands Debt – Living in a Free-Lunch World

“Everyone is a prisoner of his own experiences. No one can eliminate prejudices – just recognize them.”
– Edward R. Murrow, US broadcast journalist & newscaster (1908 – 1965), television broadcast, December 31, 1955
“High debt levels, whether in the public or private sector, have historically placed a drag on growth and raised the risk of financial crises that spark deep economic recessions.” – The McKinsey Institute, “Debt and (not much) Deleveraging”