Coverart for item
The Resource Between debt and the devil : money, credit, and fixing global finance, Adair Turner, (electronic resource)

Between debt and the devil : money, credit, and fixing global finance, Adair Turner, (electronic resource)

Label
Between debt and the devil : money, credit, and fixing global finance
Title
Between debt and the devil
Title remainder
money, credit, and fixing global finance
Statement of responsibility
Adair Turner
Creator
Subject
Language
eng
Summary
  • "Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn't happen because banks are too big to fail--our addiction to private debt is to blame. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money--the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money. Between Debt and the Devil shows why we need to reject the assumption that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance. "--
  • "Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn't happen because banks are too big to fail--our addiction to private debt is to blame. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money--the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money. Between Debt and the Devil shows why we need to reject the assumption that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance."--
Assigning source
  • Provided by publisher
  • Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Turner, Adair
Dewey number
332/.042
LC call number
HG3881
LC item number
.T88 2016
http://library.link/vocab/subjectName
  • International finance
  • Finance
  • Financial institutions
  • Credit
  • Financial crises
  • Monetary policy
  • Economic policy
  • BUSINESS & ECONOMICS / Money & Monetary Policy
  • BUSINESS & ECONOMICS / Public Finance
  • BUSINESS & ECONOMICS / Economic Conditions
  • BUSINESS & ECONOMICS / Government & Business
  • BUSINESS & ECONOMICS / Economics / General
  • BUSINESS & ECONOMICS / Finance
Label
Between debt and the devil : money, credit, and fixing global finance, Adair Turner, (electronic resource)
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Control code
OCM1bookssj0001530095
Dimensions
25 cm
Dimensions
unknown
Extent
xiv, 302 pages
Governing access note
License restrictions may limit access
Isbn
9780691169644
Isbn Type
(hardback : alk. paper)
Lccn
2015015015
Other physical details
illusrations
Specific material designation
remote
System control number
(WaSeSS)ssj0001530095
Label
Between debt and the devil : money, credit, and fixing global finance, Adair Turner, (electronic resource)
Publication
Bibliography note
Includes bibliographical references and index
Control code
OCM1bookssj0001530095
Dimensions
25 cm
Dimensions
unknown
Extent
xiv, 302 pages
Governing access note
License restrictions may limit access
Isbn
9780691169644
Isbn Type
(hardback : alk. paper)
Lccn
2015015015
Other physical details
illusrations
Specific material designation
remote
System control number
(WaSeSS)ssj0001530095

Library Locations

    • Thomas Jefferson LibraryBorrow it
      1 University Blvd, St. Louis, MO, 63121, US
      38.710138 -90.311107
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