Martin Wolf on the World
The prudent will have to pay for the profligate
7 min•1 april 2008
Om avsnittet
Neither households nor the financial sector as a whole can de-leverage swiftly, other than via a calamitous mass default or by shifting their debt elsewhere, usually on to the government. A private-sector financial mania will finish up as public-sector pain.
Hosted on Acast. See acast.com/privacy for more information.
Fler avsnitt
Visa alla avsnitt av Martin Wolf on the WorldMartin Wolf on the World med Martin Wolf finns tillgänglig på flera plattformar. Informationen på denna sida kommer från offentliga podd-flöden.