2008 (or rather, the lead-in to 2008) was a different case.
In that case the lenders were the ones who were the problem, and the borrowers were indeed using the money as disposable income (well, at least, to buy a home and other consumer goods on credit).
Whereas today the money goes from the printers to the rich people - not the common folk.
In that case the lenders were the ones who were the problem, and the borrowers were indeed using the money as disposable income (well, at least, to buy a home and other consumer goods on credit).
Whereas today the money goes from the printers to the rich people - not the common folk.