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Debt still matters

Summary:
Debt still matters  is an essay on debt at the Chicago Booth Review. It is a cleaned up and edited version of previous blog posts here and here, but a better essay.  

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Debt still matters  is an essay on debt at the Chicago Booth Review. It is a cleaned up and edited version of previous blog posts here and here, but a better essay.  

John H. Cochrane
In real life I'm a Senior Fellow of the Hoover Institution at Stanford. I was formerly a professor at the University of Chicago Booth School of Business. I'm also an adjunct scholar of the Cato Institute. I'm not really grumpy by the way!

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