We're suffocating in debt, and the only thing that will get us out is to find a way to deflate...

|By:, SA News Editor

We're suffocating in debt, and the only thing that will get us out is to find a way to deflate it, Nassim Taleb says. His solution: a broad-based debt-for-equity swap; let banks offer homeowners reduced payments in exchange for a stake in their property. Felix Salmon agrees, to a point.