Adair Turner: unless we fix our debt addiction, it's just a matter of time before the next crisis hits

Raleigh Addington
Raleigh Addington
editor at Chartwell Speakers

Adair Turner - WordPressIn his latest BBC Radio 4 broadcast, Adair Turner argues that we urgently need to fix our addiction to debt – otherwise it’s just a matter of time before the next crisis hits. At the moment, debt isn’t being reduced – it’s merely being shifted between households, businesses and government. To avoid catastrophe, we need to accept that debts will have to be written off, but this in itself will be a painful process, both economically and politically.

Adair Turner is Chairman of the Institute for New Economic Thinking, His latest book, Between Debt and the Devil: Money, Credit and Fixing Global Finance, is published by Princeton University Press in October 2015.


We use cookies

We use cookies and other tracking technologies to improve your browsing experience on our website, to show you personalized content and targeted ads, to analyze our website traffic, and to understand where our visitors are coming from. By browsing our website, you consent to our use of cookies and other tracking technologies.

Accept Cookies