The Age of Debt Bubbles

The Age of Debt Bubbles is a book on monetary policy proposing that money creation through fractional-reserve banking makes the monetary system debt-based. The book argues that economic bubbles, higher unemployment, recessions, and depressions are caused by central banks relying on inverted yield curves and tight monetary policy.^[1][2][3]

The Age of Debt Bubbles

Authors	Max Rangeley, William White, Roger Köppel, Harry Richer, Miguel Fernandez Ordeoñez, Barbara Kolm, Syed Kamall
Published	September 12, 2024
Publisher	Springer Nature
Pages	153

See also

• Credit theory of money
• Endogenous money
• Narrow money and Broad money
• Money multiplier
• Monetary sovereignty
• The End of Alchemy - Mervyn King book depicting money creation as a financial form of alchemy