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As the U.S. economy improves measurably, Europe slips into crisis mode.
Sad to say, the 19th and early 20th century notion of the democratization of savings became the late 20th century idea of the democratization of credit. It's time to change the focus of public policy.
News today that the German economy contracted sent markets down sharply. But was it all just noise?
We talked to economist Daniel Altman about his latest book "Outrageous Fortunes," where he discusses the trends that he thinks will shape the…