Six Degrees of Leverage Updated
I wrote a series in December that I had to break up into six different parts, so it is incredibly long, but I think important to look at. This is my original work, I haven't seen anyone write about this, or think through how lowering interest rates stimulated the economy at the same time was putting an irrecoverable choke hold onto it.
Anyway, I did some editing, although I was very tired of editing by the end, and I redid the series into a single post.
Six Degrees of Leverage