Description
Condition: BRAND NEW
ISBN: 9781800752184
Year: 2023
Publisher: Swift Press
Description:
Dive deep into the intricacies of our economic system with 'The Paradox of Debt,' a groundbreaking exploration by Richard Vague. This insightful book highlights that while government debt captures headlines, the reality is that private debt – owed by individuals, households, and private firms – significantly influences economic health.
Vague presents a compelling argument that this private debt, often overlooked, is crucial for understanding both financial crises and economic growth. With trillions of dollars in private debt shaping our economy, the paradox emerges: debt is indispensable for economic activity yet can lead to instability if unchecked. Vague’s analysis encompasses key themes such as financial independence, inflation, and the impacts of student loans, providing valuable strategies for prudent debt management.
This essential read unveils how carefully managing debt can foster a stable economy. Whether you’re a student of economics, a policy maker, or simply interested in the financial landscape, 'The Paradox of Debt' is a must-have to grasp the complexities of debt dynamics and their implications for society.
Delivery Information: Fast shipping across New Zealand to ensure you get your book in perfect condition.
Condition: BRAND NEW
ISBN: 9781800752184
Year: 2023
Publisher: Swift Press
Description:
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 author's 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.
ISBN: 9781800752184
Year: 2023
Publisher: Swift Press
Description:
Dive deep into the intricacies of our economic system with 'The Paradox of Debt,' a groundbreaking exploration by Richard Vague. This insightful book highlights that while government debt captures headlines, the reality is that private debt – owed by individuals, households, and private firms – significantly influences economic health.
Vague presents a compelling argument that this private debt, often overlooked, is crucial for understanding both financial crises and economic growth. With trillions of dollars in private debt shaping our economy, the paradox emerges: debt is indispensable for economic activity yet can lead to instability if unchecked. Vague’s analysis encompasses key themes such as financial independence, inflation, and the impacts of student loans, providing valuable strategies for prudent debt management.
This essential read unveils how carefully managing debt can foster a stable economy. Whether you’re a student of economics, a policy maker, or simply interested in the financial landscape, 'The Paradox of Debt' is a must-have to grasp the complexities of debt dynamics and their implications for society.
Delivery Information: Fast shipping across New Zealand to ensure you get your book in perfect condition.
Condition: BRAND NEW
ISBN: 9781800752184
Year: 2023
Publisher: Swift Press
Description:
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 author's 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.