It is one of the myths of post-bubble economies that conditions are made worse by banks' unwillingness to lend. In some cases this is true: the impulse for many lenders, particularly in the immediate aftermath, is not to build assets but to repair capital ratios. The bigger, more pervasive problem is on the demand side. Leverage becomes associated with hubris and ruin, rather than a short-cut to growth.
後泡沫經濟時代有一些荒誕的說法，其中之一是：銀行惜貸會導致經濟形勢惡化。在某些情況下，此言不差：許多銀行本能地（特別是在危機剛剛過去時）不是去擴充資產，而是去恢復資本金比率。但更大、更普遍的問題出現在需求方面。槓桿開始與狂妄和毀滅聯繫在了一起，而不再是成長的捷徑。
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