Turner, Adair

Between Debt and the Devil: Money, Credit, and Fixing Global Finance

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ISBN 13:
9780691175980
author:
Turner, Adair
format:
Paperback
publisher:
Princeton University Press
language:
English
Publication Year:
2017
Pages:
320
Dimensions:
13.2 x 2.5 x 20.1 cm
Genre:
Business, Finance & Law, Economics, Economic Conditions,
Condition:
New
Availability:
Item usually sent within 7 working days
£16.10

Description

Between Debt and the Devil: A New Perspective on Money, Credit, and Global Finance The global financial crisis was a wake-up call for Adair Turner, who became chairman of Britain's Financial Services Authority just as it struck in 2008. In this thought-provoking book, he sets out to challenge conventional wisdom about the causes of the crisis and the role of debt in the economy. Turner argues that our addiction to private debt is the root cause of many financial woes, rather than banks being too big to fail. He also debunks the myth that printing money leads to inflation, and makes a compelling case for why public policy needs to manage credit creation and taxation of debt as a form of economic pollution. By examining the complex relationships between credit, real estate, and economic growth, Turner offers a fresh perspective on how to design a more stable financial system.

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