But, now that house prices have collapsed and credit is unavailable to underwater households, demand has plummeted. The key to recovery, then, is to tax the rich, increase transfers, and restore worker incomes by enhancing union bargaining power and raising minimum wages.
房价的上涨给了人们财富增加支持借贷行为的幻觉。但是，随着房价的崩溃，资不抵债的家庭不再能够获得信用，需求也随之大跌。因此，复苏的关键在于对富人增税，增加转移支付，并通过加强工会讨价还价能力和提高最低工资重振工人收入。