1952707The Paradox of Debthttps://www.gandhi.com.mx/the-paradox-of-debt/phttps://gandhi.vtexassets.com/arquivos/ids/1376412/ed390768-abba-4267-bc7e-6c6f3f0d633b.jpg?v=638479645236270000237279MXNForumInStock/Ebooks/HOW TO MAKE DEBT WORK FOR USWhen we talk about debt and its impact on our economy, we almost always mean government debt. However, this is only a small part of the picture: individuals, private firms and households owe trillions, and these private debts are vital to understanding the economy.In The Paradox of Debt, Richard Vague shows that the real factor that drives both financial crises and spiralling inequality but also, paradoxically, economic growth is ever-rising private debt. The paradox is that while debt is essential and our economy relies on it, it also brings instability unless it is periodically deleveraged and that is very hard to do. It can, however, be carefully managed, and Vague demonstrates how to do so in areas ranging from trade and housing to financial policy and student debt.Richard Vague is a successful banker, brilliant author and contrarian economist with an encyclopaedic knowledge of the history of money and banking, and the parts of economic theory that are worth knowing. No-one else comes close to his blend of professional experience, oratorical flair and critical insights STEVE KEEN, author of Debunking Economics...1915817The Paradox of Debt237279https://www.gandhi.com.mx/the-paradox-of-debt/phttps://gandhi.vtexassets.com/arquivos/ids/1376412/ed390768-abba-4267-bc7e-6c6f3f0d633b.jpg?v=638479645236270000InStockMXN99999DIEbook20239781800752191_W3siaWQiOiJiNmE3N2MxYS02YTk5LTRiMTAtYTg5ZC0yY2U3ZGQxYTJhZjUiLCJsaXN0UHJpY2UiOjIyOSwiZGlzY291bnQiOjI3LCJzZWxsaW5nUHJpY2UiOjIwMiwiaW5jbHVkZXNUYXgiOnRydWUsInByaWNlVHlwZSI6Ildob2xlc2FsZSIsImN1cnJlbmN5IjoiTVhOIiwiZnJvbSI6IjIwMjQtMDUtMjJUMjM6MDA6MDBaIiwicmVnaW9uIjoiTVgiLCJpc1ByZW9yZGVyIjpmYWxzZX1d9781800752191_When we talk about debt and its impact on our economy, we almost always mean government debt. However, this is only a small part of the picture: individuals, private firms and households owe trillions, and these private debts are vital to understanding the economy.In this iconoclastic book, Richard Vague examines the assets, liabilities and incomes of the entire country, private and public sector, to reveal its net worth. His holistic analysis shows that the real factor that drives both financial crises and spiralling inequality but also, paradoxically, economic growth is ever rising private debt. The paradox is that while debt is essential and our economy relies on it, it also brings instability unless it is periodically deleveraged and that is very hard to do. It can, however, be carefully managed, and Vague ends the book by showing how to do so in policy areas ranging from trade and housing to financial policy and student debt.Underpinned by pioneering data analysis and the authors lifetime of experience in the financial world, no-one who wants to understand the deep, underlying dynamics of American economy can afford to miss this book....(*_*)9781800752191_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 worlds 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....9781800752191_Forumlibro_electonico_81153929-fc8e-3511-827e-375f981b1ad0_9781800752191;9781800752191_9781800752191Richard VagueInglésMéxicohttps://getbook.kobo.com/koboid-prod-public/faberfactory-epub-671b8cbe-eaa0-4d54-9665-c7845b5a43f0.epub2023-07-06T00:00:00+00:00Forum