Description

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 bugand 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 creationbut 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

The Paradox of Debt

Product form

£12.99

Includes FREE delivery
Usually despatched within 5 days
Paperback by Richard Vague

1 in stock

Short Description:

When we talk about debt and its economic impact, we usually centre on government debt, and overlook the debt owed... Read more

    Publisher: Swift Press
    Publication Date: 6/20/2024
    ISBN13: 9781800752207, 978-1800752207
    ISBN10: 1800752202

    Non Fiction , Business, Finance & Law

    Description

    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 bugand 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 creationbut 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

    Customer Reviews

    Be the first to write a review
    0%
    (0)
    0%
    (0)
    0%
    (0)
    0%
    (0)
    0%
    (0)

    Recently viewed products

    © 2024 Book Curl,

      • American Express
      • Apple Pay
      • Diners Club
      • Discover
      • Google Pay
      • Maestro
      • Mastercard
      • PayPal
      • Shop Pay
      • Union Pay
      • Visa

      Login

      Forgot your password?

      Don't have an account yet?
      Create account