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September 26, 2013

ANDY KESSLER: The world today is flooded with cheap credit. It’s great if you’re a factory worker in Shenzhen, or buying a 40-inch TV for $268.

He’s reviewing Daniel Alpert’s The Age Of Oversupply: Overcoming The Greatest Challenge To The Global Economy. Too-cheap credit promotes malinvestment.

Posted by Glenn Reynolds at 10:00 am
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