Second, household over-indebtedness in the US, as well as the fall in demand, is localized, as my colleague Amir Sufi and his co-author, Atif Mian, have shown. Hairdressers in Las Vegas lost their jobs partly because households there have too much debt stemming from the housing boom, and partly because many local construction workers and real-estate brokers were laid off.
其次，我的同事苏菲（Amir Sufi）与合作者米安（Atif Mian）指出，在美国，家庭过度负债和需求下降都是本地化的。拉斯维加斯的理发师之所以失业，部分是因为家庭在房地产繁荣中背上的债务负担太过沉重，部分则是因为许多当地建筑工人和地产经纪丢掉了工作。即便我们可以强迫传统无债务储蓄者增加支出，也不能保证拉斯维加斯有足够多的这类人。