Household Debt and Our Economy

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Amir Sufi, professor of finance at the University of Chicago Booth School of Business, argues in his new book House of Debt that a sharp increase in household debt was an underlying reason for the Great Recession (in 2008) and a primary cause for our still sluggish recovery. Sufi joins us to discuss his book, and what in his view, former Treasury Secretary Timothy Geithner got wrong.