The Next Economic Disaster
Why It's Coming and How to Avoid It
Artikel konnten nicht hinzugefügt werden
Der Titel konnte nicht zum Warenkorb hinzugefügt werden.
Der Titel konnte nicht zum Merkzettel hinzugefügt werden.
„Von Wunschzettel entfernen“ fehlgeschlagen.
„Podcast folgen“ fehlgeschlagen
„Podcast nicht mehr folgen“ fehlgeschlagen
Nur 0,99 € pro Monat für die ersten 3 Monate
Bist du Amazon Prime-Mitglied?Audible 60 Tage kostenlos testen
The Next Economic Disaster
Für 7,95 € kaufen
-
Gesprochen von:
-
Charles Kabala
-
Von:
-
Richard Vague
Über diesen Titel
Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic calamities like the financial crisis of 2008.
Relying on the findings of a team of economists, credit expert Richard Vague argues that the Great Depression of the 1930s, the economic collapse of the past decade, and many other sharp downturns around the world were all preceded by a spike in privately-held debt. Vague presents an algorithm for predicting crises and argues that China may soon face disaster. Since American debt levels have not declined significantly since 2008, Vague believes that economic growth in the United States will suffer unless banks embrace a policy of debt restructuring.
All informed citizens, but especially those interested in economic policy and history, will want to contend with Vague's distressing arguments and evidence.
The book is published by University of Pennsylvania Press.
©2014 University of Pennnsylvania Press (P)2015 Redwood Audiobooks