SFI Science Board member and External Professor John Geanakoplos weighs in on the complex roles real estate debt and depressed home values play in suppressing an economic recovery, in a recent Time article.

Geanakoplos is in agreement with economists who believe that the U.S.’s $9.12 trillion of consumer real estate debt continues to weigh down the economy. He proposes measures that cut principal debt, as well as interest rates, for approximately 1.2 million homeowners.

Read the Time article (September 9, 2011)