As a non-economist my view on credit is basically opposite whatever conservatives happen to be arguing. Admittedly I don’t have a firm grasp of the issue.

So for example conservative economists will argue that their man Greenspan held rates too low for too long in the 2000s. My gut reaction is to believe there is more to the story, for instance Bernanke’s global savings glut and bad regulations and regulators.

Basically I would like to see full employment whatever amount of credit in the system that requires.