Debt Crisis, The

di Friedrich Johann Mueller (Autore)

Cobbo Publishing LLC, 2025

This audiobook is narrated by a digital voice. The modern global economy stands precariously balanced on an unprecedented mountain of debt that has grown exponentially over the past several decades. This debt crisis represents one of the most significant challenges facing governments, corporations, and individuals worldwide, creating a complex web of financial interdependencies that threaten the stability of entire economic systems. Understanding the nature and scope of this crisis requires examining not only the quantitative aspects of debt accumulation but also the structural changes in financial markets, regulatory frameworks, and economic policies that have enabled such massive leveraging to occur. The roots of our current debt predicament can be traced back to fundamental shifts in monetary policy and financial regulation that began in the 1970s and accelerated dramatically in the decades that followed. The abandonment of the Bretton Woods system in 1971 marked a pivotal moment in financial history, removing the gold standard's constraints on money creation and enabling central banks to pursue more aggressive monetary expansion policies. This newfound flexibility in monetary policy, while initially beneficial for managing economic cycles, inadvertently created the conditions for sustained debt accumulation across all sectors of the economy. Central banks, particularly in developed nations, began employing increasingly accommodative monetary policies to stimulate economic growth and manage financial crises. Low interest rates became the preferred tool for encouraging investment and consumption, but they also created powerful incentives for borrowing. When money becomes cheap to borrow, rational economic actors naturally respond by taking on more debt to finance expansion, consumption, and speculation. This phenomenon has been particularly pronounced since the early 2000s, when major central banks maintained historically low interest rates for extended periods.

• Autore: Friedrich Johann Mueller
• Durata in (hh:mm:ss): 00:46:10
• Anno edizione: 2025
• Editore: Cobbo Publishing LLC
• Lingua: Inglese
• EAN: 9798318273643