Tucked deeply in this interesting Wall Street Journal piece about consumers getting their household finances in order:

The debts include $4,000 in credit cards, $30,000 for student loans and an $8,000 loan for energy-efficient windows for his home. The windows, he said, were a mistake. Mr. Jacobs also hopes to shave enough off his $139,000 mortgage to have equity in the property, which has fallen in market value since he bought it for $150,000 in 2005.

My wife and I just spent some savings to refinance our mortgage down to 15 years. And have plans to further deleverage once she finishes school. Of course, many folks paint this as a “bad thing.” I think people ought to pay more attention to the 1920s and 1930s Hayek, or at least as much as the 1940s version.