Why the " Miracle of Compound Interest" leads to financial crises?

In this paper I want to discuss the financial sector´s tendency to dominate, deflate and polarize economies, thwarting economic potential. Understanding these financial dynamics is essential to explain why all nations are not operating up to the technological potential toward which classical liberalism aimed, and why the world economy is polarizing, as are domestic economies even in the most advanced industrial nations.

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Year of publication:	2009-05-31
Authors:	Hudson, Micheal
Institutions:	UNIVERSIDAD NACIONAL DE COLOMBIA SEDE MEDELLIN
Subject:	Increasing returns \| compound rate of interest

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Series:	ENSAYOS DE ECONOMÍA.
Type of publication:	Book / Working Paper
Language:	English
Notes:	2 pages long
Classification:	E31 - Price Level; Inflation; Deflation ; E44 - Financial Markets and the Macroeconomy ; G10 - General Financial Markets. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008853937