The Paradox of Debt is popular PDF and ePub book, written by Richard Vague in 2023-07-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Paradox of Debt can be Read Online from any device for your convenience.
The Paradox of Debt Book PDF Summary
When we talk about debt and its economic impact, we usually centre on "government debt," and overlook the debt owed by individuals and firms that is vital to truly understanding the economy. In this iconoclastic book, Richard Vague examines the assets, liabilities, and incomes of the American economy as a whole, not just of the government. The book shows that debt growth in excess of GDP growth is a feature of modern economic systems, not a bug—and thus ever-increasing leverage is built into the very structure of the economy. Vague uses the data presented in the book to show that rising debt is the primary source of economic growth, new money creation, and wealth creation—but that it also brings heightened inequality and can bring economic calamity when left unchecked. Vague also compares and contrasts the financial data of the U.S. to the world's other largest economies. As an expert on the role of private debt in the global economy, Vague offers an innovative set of policies to try to manage this debt paradox. Whether you are a policymaker or a private citizen looking to understand these dynamics, this book is an indispensable guide.
Detail Book of The Paradox of Debt PDF
- Author : Richard Vague
- Release : 06 July 2023
- Publisher : Swift Press
- ISBN : 9781800752191
- Genre : Business & Economics
- Total Page : 311 pages
- Language : English
- PDF File Size : 8,9 Mb
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