Debt and Leverage

In the article Wall Street on the Tundra, financial writer Michael Lewis is able to brilliantly summarize the roots of the economic meltdown in just three sentences.

When you borrow a lot of money to create a false prosperity, you import the future into the present. It isnt the actual future so much as some grotesque silicon version of it. Leverage buys you a glimpse of a prosperity you havent really earned.

dump the debt by Flickr user Daveybot

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Critical MAS is the blog for Michael Allen Smith of Seattle, Washington. My interests include traditional food, fitness, economics, and web development.