The Paradox of Debt

Focusing on the often-overlooked realm of private debt, the author explores its critical role in shaping the American economy. Through a comprehensive analysis of assets and liabilities across sectors, he reveals how rising private debt contributes to financial crises, inequality, and paradoxically, economic growth. The book emphasizes the necessity of managing debt to maintain stability and offers practical policy solutions across various areas, supported by innovative data and the author's extensive financial experience. It's a vital read for understanding economic dynamics.