{"id":1851,"date":"2011-10-04T11:57:29","date_gmt":"2011-10-04T15:57:29","guid":{"rendered":"http:\/\/www.multiplier-effect.org\/?p=1851"},"modified":"2011-10-05T11:06:14","modified_gmt":"2011-10-05T15:06:14","slug":"tabula-rasa","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/tabula-rasa\/","title":{"rendered":"Tabula Rasa"},"content":{"rendered":"<p>\u201cWe\u2019ve put this off for too long.\u00a0 We need debt relief and jobs and until we get these two things, I think recovery is impossible\u201d\u2014Randall Wray, quoted in a <a href=\"http:\/\/graphics.thomsonreuters.com\/11\/10\/Haircut.pdf\">Reuters article<\/a> examining the possibility of negotiating massive consumer debt relief.<\/p>\n<p>Although household borrowing has been declining, debt burdens remain sky high:<\/p>\n<p><a href=\"http:\/\/blogs.bard.edu\/multiplier-effect\/files\/2011\/10\/sa_mar_11_fig81.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-1857\" title=\"sa_mar_11_fig8\" src=\"http:\/\/blogs.bard.edu\/multiplier-effect\/files\/2011\/10\/sa_mar_11_fig81-300x249.png\" alt=\"\" width=\"300\" height=\"249\" srcset=\"https:\/\/blogs.bard.edu\/multiplier-effect\/files\/2011\/10\/sa_mar_11_fig81-300x249.png 300w, https:\/\/blogs.bard.edu\/multiplier-effect\/files\/2011\/10\/sa_mar_11_fig81-1024x851.png 1024w, https:\/\/blogs.bard.edu\/multiplier-effect\/files\/2011\/10\/sa_mar_11_fig81.png 1062w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>(from the latest Levy Institute <a href=\"http:\/\/www.levyinstitute.org\/publications\/?docid=1358\">Strategic Analysis<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWe\u2019ve put this off for too long.\u00a0 We need debt relief and jobs and until we get these two things, I think recovery is impossible\u201d\u2014Randall Wray, quoted in a Reuters article examining the possibility of negotiating massive consumer debt relief. Although household borrowing has been declining, debt burdens remain sky high: (from the latest Levy [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,8],"tags":[],"class_list":["post-1851","post","type-post","status-publish","format-standard","hentry","category-economic-policy","category-financial-crisis"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/1851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=1851"}],"version-history":[{"count":3,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/1851\/revisions"}],"predecessor-version":[{"id":1869,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/1851\/revisions\/1869"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=1851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=1851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=1851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}