The Next Economic Disaster: Why It's Coming and How to Avoid It
()
Currently unavailable
Currently unavailable
About this ebook
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.
Read more from Richard Vague
A Brief History of Doom: Two Hundred Years of Financial Crises Rating: 4 out of 5 stars4/5The Paradox of Debt: A New Path to Prosperity Without Crisis Rating: 0 out of 5 stars0 ratingsThe Next Economic Disaster: Why It's Coming and How to Avoid It Rating: 0 out of 5 stars0 ratings
Related to The Next Economic Disaster
Related ebooks
The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It Rating: 2 out of 5 stars2/5Understand Financial Crisis Rating: 0 out of 5 stars0 ratingsSurviving A Financial Crisis Rating: 0 out of 5 stars0 ratingsLeveraged: The New Economics of Debt and Financial Fragility Rating: 0 out of 5 stars0 ratingsSummary of The Only Game in Town: by Mohamed A. El Erian | Includes Analysis Rating: 0 out of 5 stars0 ratingsSummary of The Only Game in Town: by Mohamed A. El Erian | Includes Analysis Rating: 0 out of 5 stars0 ratingsChina and the US Foreign Debt Crisis: Does China Own the USA? Rating: 0 out of 5 stars0 ratingsDebt, Deficits, and the Demise of the American Economy Rating: 1 out of 5 stars1/5The New Depression: The Breakdown of the Paper Money Economy Rating: 4 out of 5 stars4/5The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market Rating: 0 out of 5 stars0 ratingsDissent from the Majority Report of the Financial Crisis Inquiry Commission Rating: 0 out of 5 stars0 ratingsCrisis Control For 2000 and Beyond: Boom or Bust?: Seven Key Principles to Surviving the Coming Economic Upheaval Rating: 0 out of 5 stars0 ratingsThe Economics of Enough: How to Run the Economy as If the Future Matters Rating: 0 out of 5 stars0 ratingsThe Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, and Real Money Rating: 0 out of 5 stars0 ratingsGambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis Rating: 5 out of 5 stars5/5Disequilibrium: How America's Great Inflation Led to the Great Recession Rating: 4 out of 5 stars4/5Politics, Economics and Investments: Don's Thoughts Rating: 0 out of 5 stars0 ratingsA Nation in Debt: How Can We Pay the Bills? (2022) Rating: 0 out of 5 stars0 ratingsPax Americana Debt Bubble Rating: 0 out of 5 stars0 ratingsA Nation in Debt: How Can We Pay the Bills? Rating: 0 out of 5 stars0 ratingsHow to Survive the Incoming Economic Crisis Rating: 0 out of 5 stars0 ratingsThe Economi of Success: Twelve Things Politicians Don't Want You to Know Rating: 0 out of 5 stars0 ratingsThe State of Consumer Finance Rating: 0 out of 5 stars0 ratingsBuilding from the Ground Up: Reclaiming the American Housing Boom Rating: 0 out of 5 stars0 ratingsFalse Profits: Recovering from the Bubble Economy Rating: 3 out of 5 stars3/5Inflation: What It Is, Why It's Bad, and How to Fix It Rating: 4 out of 5 stars4/5Coronavirus Versus a Broken Economy Rating: 0 out of 5 stars0 ratingsDebtonator: How Debt Favours the Few and Equity Can Work For All of Us Rating: 4 out of 5 stars4/5
Politics For You
The Madness of Crowds: Gender, Race and Identity Rating: 4 out of 5 stars4/5The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health Rating: 4 out of 5 stars4/5The Republic by Plato Rating: 4 out of 5 stars4/5Son of Hamas: A Gripping Account of Terror, Betrayal, Political Intrigue, and Unthinkable Choices Rating: 4 out of 5 stars4/5Gaza in Crisis: Reflections on the U.S.-Israeli War on the Palestinians Rating: 4 out of 5 stars4/5On Palestine Rating: 4 out of 5 stars4/5The Devil's Chessboard: Allen Dulles, the CIA, and the Rise of America's Secret Government Rating: 5 out of 5 stars5/5How to Hide an Empire: A History of the Greater United States Rating: 4 out of 5 stars4/5Disloyal: A Memoir: The True Story of the Former Personal Attorney to President Donald J. Trump Rating: 4 out of 5 stars4/5This Is How They Tell Me the World Ends: The Cyberweapons Arms Race Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5The Great Reset: And the War for the World Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5The Cult of Trump: A Leading Cult Expert Explains How the President Uses Mind Control Rating: 3 out of 5 stars3/5The Girl with Seven Names: A North Korean Defector’s Story Rating: 4 out of 5 stars4/5Daily Stoic: A Daily Journal On Meditation, Stoicism, Wisdom and Philosophy to Improve Your Life Rating: 5 out of 5 stars5/5The End of the Myth: From the Frontier to the Border Wall in the Mind of America Rating: 4 out of 5 stars4/5Why I’m No Longer Talking to White People About Race: The Sunday Times Bestseller Rating: 4 out of 5 stars4/5Fear: Trump in the White House Rating: 4 out of 5 stars4/5Speechless: Controlling Words, Controlling Minds Rating: 4 out of 5 stars4/5Freedom Is a Constant Struggle: Ferguson, Palestine, and the Foundations of a Movement Rating: 4 out of 5 stars4/5The Humanity Archive: Recovering the Soul of Black History from a Whitewashed American Myth Rating: 4 out of 5 stars4/5The Gulag Archipelago [Volume 1]: An Experiment in Literary Investigation Rating: 4 out of 5 stars4/5The Parasitic Mind: How Infectious Ideas Are Killing Common Sense Rating: 4 out of 5 stars4/5Laptop from Hell: Hunter Biden, Big Tech, and the Dirty Secrets the President Tried to Hide Rating: 4 out of 5 stars4/5The Gulag Archipelago: The Authorized Abridgement Rating: 4 out of 5 stars4/5Closing of the American Mind Rating: 4 out of 5 stars4/5
Reviews for The Next Economic Disaster
0 ratings0 reviews