This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!
➡️ [ Ссылка ]

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

Is there such a thing as "good debt"? And how could something good cause so many issues? On top of this is there any way that we could just run an economy without debt and would we be better off for doing so. Well, it turns out we probably can, and in fact, there are many economies around the world today that are developing rapidly while going without this system that we just assume is a given.

If we can critically explore these questions it will offer insight into how our modern financial system works, and why it means that despite our best efforts we are almost destined to go into a recession once every 10 years or so.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

📚 Want to learn more about how a country (should) deal with debt? We recommend reading "Big Debt Crises", by Ray Dalio 👉 [ Ссылка ]
(as an Amazon Associate, we earn from qualifying purchases).

Enjoyed the video? Comment below! 💬
⭑ Subscribe to Economics Explained 👉 [ Ссылка ]
⭑ Enjoyed? Hit the like button! 👍

Q&A Streams on EEII (2nd channel) → [ Ссылка ]

✉️ Business Enquiries → hello@economicsexplained.com

Follow EE on social media:
Twitter 🐦 → [ Ссылка ]
Facebook → [ Ссылка ]
Instagram → [ Ссылка ]...
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

#DebtCrisis #Recession #Economy

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

Sources & Citations -

Harris, M. and Raviv, A., 1990. Capital structure and the informational role of debt. The Journal of Finance

Chava, S. and Roberts, M.R., 2008. How does financing impact investment? The role of debt covenants. The journal of finance

Holmstrom, B., 2015. Understanding the role of debt in the financial system.

Frost, C.A. and Bernard, V.L., 1989. The role of debt covenants in assessing the economic consequences of limiting capitalization of exploration costs. Accounting Review

Ariff, M., 1988. lsIamic banking. Asian‐Pacific Economic Literature

Articles -

theguardian.com/business/2019/jan/05/global-economic-crash-2020-understand-why

nytimes.com/2019/07/28/business/economy/economy-recession.html

theguardian.com/business/2019/dec/29/its-more-than-a-decade-since-the-financial-crisis-wheres-the-recovery

Graham Stephan's vid - youtube.com/watch?v=Uw3EhsmLe08

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

EE Fan Exclusive Offer:

Sign-up for Acorns! 👉 [ Ссылка ] (after registration, Acorns will deposit $5 in your account to help you get started with investing!)

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏
Support EE by becoming a Patron today! 👉 [ Ссылка ]

The video you’re watching right now would not exist without the monthly support provided by our generous Patrons:

Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas

свернуть