Summary:
The book examines the role of debt in modern economies, exploring how leverage has become a critical factor in financial stability and economic performance. It delves into the historical context, the mechanisms of financial fragility, and the implications of high debt levels for both financial crises and long-term growth.
Key points:
1. Debt and Growth: The book might discuss how debt can boost short-term growth but may lead to instability if it becomes excessive.
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