A Nation of Zombie Borrowers Isn’t Inevitable—Even With More Debt

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A Nation of Zombie Borrowers Isn’t Inevitable—Even With More Debt
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Governments and central banks are correct in trying to extend more credit to companies that were already loaded up

Governments and central banks everywhere are in the process of trying to do exactly that: extend more credit to companies that were already loaded up with plenty of it. With some caveats, they are right to do so—and truly radical action being tested in Europe could overcome even these drawbacks.

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