Finance

China is drowning in it. The whole world has too much of it. History suggests: This won’t end well.

The Private Debt initiative is an opportunity to articulate how private debt impacts the economy and to specify the pathways for its effects. The initiative will also lead to better knowledge for the use of regulators, policymakers, journalists, and the public. Finally, the Private Debt initiative will open a better-informed dialogue towards tangible solutions to the problems posed by excessive private debt.

When the stock market grows faster than the housing market, the gains of the top 1% outpace those of the middle class

Inflation targeting insufficient: central banks and governments must manage the quantity and mix of credit created

Richard Vague and Rob Johnson discuss the role of excessive lending in causing financial crises throughout history

Shaped by the 2008 financial crisis, a new generation of economists is expanding the boundaries of economic thinking on credit cycles, private debt, and financial stability.

Matthew Baron challenges conventional myths about booms and busts

Steven Pressman says in the next few years, we could see rising interest rates bring about a recession

What role does debt play in triggering economic crises, and is the problem principally public or private sector debt?

Stock buybacks are giveaways for greedy investors at the expense of everyone else.