Mises Wire
Author:
Joseph Calandro Jr.
Online Publish Date:
“If an archeological seeker of the origins of the socialization of risk in high finance wants to find clues, let him or her begin with an excavation of Lombard Street .” -- James Grant, Bagehot, p. 268 In August of 2019, the amount of global debt yielding negative returns hit $15 trillion. How did we get here, and where will it lead? The latter