In the 2000’s boom, as in the 1960’s, it looked as if everyone could live on the never-never. In 1960’s, it was counter-cyclical fiscal policy that held out the promise of prosperity for all; in the 2000’s, it was that individuals rather than the state piled up debt.
21世纪头十年的经济繁荣，同20世纪60年代一样，看上去人人都像活在童话里一般。20世纪60年代，反周期财政政策许下全面繁荣的诺言；21世纪头十年，令人们产生幻想的换成了个人负债消费，而不是政府赤字财政。金融市场的魔术使借债和消费的个人化得以可能。