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George H. Blackford, Ph.D.

 Economist at Large

 Email: george(at)rwEconomics.com

 

It ain't what you don't know that gets you into trouble.

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Attributed to Mark Twain (among others)

 

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Where Did All The Money Go?

Chapter 8: Securitization, Derivatives, and Leverage

George H. Blackford © 2009

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Chapter 8: Securitization, Derivatives, and Leverage explains the way in which income streams are securitized, the nature of financial derivatives, and the way in which financial derivatives increase leverage and, hence, in the absence of an exchange or clearinghouse, increase instability in the financial system.

See: Where Did All the Money Go? How Lower Taxes, Less Government, and Deregulation Redistribute Income and Create Economic Instability (2014) at Amazon.com. Click here for a preview.

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