For reasons I do not completely understand, Amir Sufi and Atif Mian’s House of Debt is being sold as a “consumer” alternative to the “banking panic” theory of the crash of 2007-2009. See, for example, Ryan Avent: Ryan Avent: Free exchange: The opposite of insurance: A new book argues that household debt, not broken banks, … Continue reading Reviewing Ryan Avent’s Review of Amir Sufi and Atif Mian’s House of Debt: Friday Focus: May 16, 2014