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Adair Turner on Debt

May 14, 2015 | Finance | Government & Politics | History | Macroeconomics

The former chairman of Britain’s Financial Services Authority and author of the forthcoming book “Between Debt and the Devil” explains why private debt, not banks, deepened the financial crisis and continues to cause trouble today.

Interview Featuring

  • Adair Turner

    • Senior Fellow
    • Senior Fellow, Centre for Financial Studies (Frankfurt)
    • Senior Fellow and Grantee, INET
    • Chair, Energy Transitions Commission
    • Former Chairman, United Kingdom Financial Services Authority

Source: A senseless subsidy

Also featured on: The Economist

Video

The bias towards debt created by tax and psychology has been amplified by powerful forces in the global economy that have led to more financial deepening, says Adair Turner, a former chairman of Britain’s Financial Services Authority and the author of a forthcoming book called “Between Debt and The Devil”.

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