{"id":29859,"date":"2022-12-21T12:18:59","date_gmt":"2022-12-21T17:18:59","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=29859"},"modified":"2022-12-21T12:23:41","modified_gmt":"2022-12-21T17:23:41","slug":"we-are-in-a-debt-trap-nouriel-roubini","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2022\/12\/21\/we-are-in-a-debt-trap-nouriel-roubini\/","title":{"rendered":"\u201cWe are in a debt trap\u201d &#8211; Nouriel Roubini"},"content":{"rendered":"<p><em>YouTube <\/em>has the video <a href=\"https:\/\/www.youtube.com\/watch?v=ADh6QTp8798\" rel=\"noopener\" target=\"_blank\">\u201cWe are in a debt trap\u201d &#8211; Nouriel Roubini on 10 \u2018megathreats\u2019 to our world and how to stop them<\/a>.<\/p>\n<blockquote><p>\nNouriel Roubini is an economist, a professor in New York, a global economic consultant and an author who, amongst many distinguishing things, was one of those who foresaw the 2008 credit crunch and financial crisis. <\/p>\n<p>&#8230;<\/p>\n<p>His latest work is called \u2018Megathreats\u2019, and it details 10 trends that make it more likely than not that we are heading for a global economic crash of stagnant growth, debt crises and high inflation that will cause decades of dystopian suffering and injustice. No wonder they call him Dr. Doom.<br \/>\nIn this episode, Nouriel joins Krishnan to talk about climate change, job-displacing artificial intelligence and our future.\n<\/p><\/blockquote>\n<div style=\"text-align:center\">\n    <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube-nocookie.com\/embed\/ADh6QTp8798\" title=\"YouTube video player\" style=\"border:thick ridge #009900;\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div>\n<pre><\/pre>\n<p>Is there value in disputing conclusions that may be right but are based on the wrong reasons?  I can&#8217;t tell you exactly what will go wrong when you base you predictions on the wrong reasons, but I have faith that the wrong reasoning will come back to bite you.  In this case, the wrong reasoning is the refusal to differentiate private debt from the debt of a currency creator.  There are some limits to how much different they are, but the differences do exist.<\/p>\n<p>Here is the link to the <a href=\"https:\/\/www.youtube.com\/channel4news\" rel=\"noopener\" target=\"_blank\">Channel 4 News<\/a> on <em>YouTube<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>YouTube has the video \u201cWe are in a debt trap\u201d &#8211; Nouriel Roubini on 10 \u2018megathreats\u2019 to our world and how to stop them. Nouriel Roubini is an economist, a professor in New York, a global economic consultant and an author who, amongst many distinguishing things, was one of those who foresaw the 2008 credit [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-29859","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=29859"}],"version-history":[{"count":3,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29859\/revisions"}],"predecessor-version":[{"id":29863,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29859\/revisions\/29863"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=29859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=29859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=29859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}