Advertise On EU-Digest

Annual Advertising Rates

1/12/15

The Global Economy: Why Your Financial Future Is In Danger - by Lynn Parramore,

Alan Taylor, a professor and Director of the Center for the Evolution of the Global Economy at the University of California, Davis, has conducted, along with Moritz Schularickground-breaking research on the history and role of credit, partly funded by the Institute for New Economic Thinking. 

He finds that today’s advanced economies depend on private sector credit more than anything we have ever seen before. His work and that of his colleagues call into question the assumption that was commonplace before 2008, that private credit flows are primarily forces for stability and predictability in economies.

If current trends continue, Taylor warns, our economic future could be very different from our recent past, when financial crises were relatively rare. Crises could become more commonplace, which will impact every stage of our financial lives, from cradle to retirement. 

Do we just fasten our seatbelts for a bumpy ride, or is there a way to smooth the path ahead? Taylor discusses his findings and thoughts about how to safeguard the financial system in the interview that follows. This interview was conducted by Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking.

For the complete interview click here:: Why Your Financial Future Is In Danger

No comments: