Mandel on Innovation and Growth

Found this on Kendall Harmon’s TitusONENine blog:  “Amazing–a picture is worth 1000 words.  What a Revealing Graph.”

But credit goes to Mandel on Innovation and Growth for the post, where he says:

“In this decade the U.S. household sector amped up its borrowing from $500 billion in 1999 to $1.2 trillion in 2006, before dramatically cutting debt  in 2009.”

Fascinating.

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