Classic Debt Trap.pdf

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Preview of classic debt trap
🔗 Source: fullertreacymoney.com
📊 Size: 359 KB
👤 Author: W.White
⬇️ Downloads: 88

Summary

The global economy is more fraught with danger now than when the crisis began, with monetary policy encouraging more credit and debt expansion, "digging the hole deeper". The fundamental mistake is modeling the economy as a controllable machine, rather than a complex, adaptive system. Ultra-easy policy has not stimulated aggregate demand as expected, but has had unexpected consequences, posing a threat to financial stability and potential growth. The global economy has no nominal anchor, and "exit" is likely to be delayed, making the policy stakes very high. Alternative policies that recognize excessive debt and possible insolvencies as the fundamental problem are needed to restore strong, sustainable, and balanced growth.

Description

The global economy is more fraught with danger now than when the crisis began, with monetary policy encouraging more credit and debt expansion, "digging the...

Technical Information

  • File Format: PDF
  • File Size: 359 KB
  • Pages: 35
  • Language: EN
  • Author: W.White
  • Total Downloads: 88
  • Last Updated: 7 days ago

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This PDF document about classic debt trap provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into classic debt trap.

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