Mention378745
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so:text | The U.S. economy crashes when it becomes too top heavy because the economy depends on consumer spending to keep it going... For a time, the middle class and poor can keep the economy going nonetheless by borrowing. But, as in 1929 and 2008, debt bubbles eventually burst. We're getting dangerously close. By the first quarter of this year, household debt was at an all-time high of $13.2 trillion. (en) |
so:isPartOf | https://en.wikiquote.org/wiki/Robert_Reich |
so:description | 2018 (en) |
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qkg:Quotation358114 | qkg:hasMention |
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