Debt Drains Society explores the often-overlooked impact of national debt on societal wealth, arguing that high debt-to-GDP ratios erode long-term prosperity.
The book uniquely combines economics and politics to show how macroeconomic policies affect individual well-being.
For example, high debt can stifle private investment as governments compete for capital, and servicing this debt may lead to increased taxation or reduced public spending.
The book examines historical examples and uses macroeconomic indicators to explain the consequences of unchecked debt.
It progresses through three sections: establishing the economic framework, detailing how debt diminishes wealth, and analyzing the political drivers of debt accumulation.
Ultimately, the book challenges conventional thinking by demonstrating how excessive national debt acts as a silent drain on societal wealth, impacting investment, productivity, and income distribution.
