Debt Crisis is becoming worse! According to a latest IIF report , Global debt levels soared to a record high of $233 trillion in the third quarter of 2017, many people believe that another super financial crisis is coming.
There are three beliefs that prevent the economists and government officals from finding a way out from the viscious cycle:
- Belive Keynesian economic intervention to boost infrastructure
- Believe in J Curve Theory to boost export
- Believe in Black–Scholes modelus to hedge all risks
In the Information Age, mass data exchange makes it possible to challenge these three beliefs.