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Beyond the Keynesian Endpoint: Crushed by Credit and Deceived by Debt—How to Revive the Global Economy by Tony Crescenzi

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7. The Hypnotic Power of Debt

Jenny Wants a Doll

The setting: An attic playroom in a middle-class household in Anywhere, USA.

The players: Four 7-year-old girls; all are from typical middle-class households except one—she is from a household that earns a bit less than the national average.

The scene: The girls are playing with their dolls, having a tea party.

Prologue (aside from author): As a father of three girls and brother to three sisters, I know of few moments in life that capture the fleeting nature of youth and the brevity of life than when a little girl is playing with her dolls. I have always taken a step back in my mind when I’ve watched my girls play, knowing it is but a moment in time. Sometimes I imagine myself 10 or 20 years hence ...

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