Open a newspaper, go on the internet, or turn on the TV, and you’re likely to hear a diagnosis of what will cure the ailing economy. Revising the tax code, reducing the deficit, super committees – all distractions, according to New York Times op-ed columnist Joe Nocera. He calls the political back-and-forth in Washington “meaningless noise.” The real problem, Nocera says, is a lack of available credit.
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