Surviving the Debt Storm

"Surviving the debt storm makes the compelling case that developed nations have been set on a path towards the greatest bust of all time as a direct result of efforts to contain the fallout from the collapse of a major credit bubble. At a time of intense debate about the impact of debt on economic growth, this powerful contribution examines policies that could correct those imbalances, as well as the restructuring necessary to return to optimal growth and robust financial markets"--Back cover.