{"page":"<link rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" />\n<link rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" />\n<div data-title='Do We Actually Need Debt?' data-url='/boclips/videos/5ea23792b0833e1db28be12d' data-video-url='/boclips/videos/5ea23792b0833e1db28be12d' id='bo_player_modal'>\n<div class='boclips-resource-page modal-dialog panel-container'>\n<div class='react-notifications-root'></div>\n<div class='rp-header'>\n<div class='rp-type'>\n<i aria-hidden='true' class='fai fa-regular fa-circle-play'></i>\nVideo\n</div>\n<h1 class='rp-title' id='video-title'>\nDo We Actually Need Debt?\n</h1>\n<div class='rp-actions'>\n<div class='mr-1'>\n<a class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"><span><span>Get Free Access</span><span class=\"\"> for 10 Days</span><span>!</span></span></a>\n</div>\n</div>\n</div>\n<div class='rp-body'>\n<div class='rp-info'>\n<div aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'>&times;</div>\n<i aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'></i>\n<i aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'></i>\n<div class='rp-rating'>\n<span class='resource-pool'>\n<span class='pool-label'>Publisher:</span>\n<span class='pool-name'>\n<span class='text'><a data-publisher-id=\"30356231\" href=\"/search?publisher_ids%5B%5D=30356231\">Economics Explained</a></span>\n</span>\n</span>\n</div>\n<div class='rp-description'>\n<span class='short-description'>Is there such thing as good debt? And how could something good cause so many issues? On top of this is there anyway that we could just run an economy without debt and would we be better off for doing so. Well it turns out we probably...</span>\n<span class='full-description hide'>Is there such thing as good debt? And how could something good cause so many issues? On top of this is there anyway that we could just run an economy without debt and would we be better off for doing so. Well it turns out we probably can, and in fact there are many economies around the world today that are developing rapidly while going without this system that we just assume is a given. If we can critically explore these questions it will offer insight into how our modern financial system works, and why it means that despite our best efforts we are almost destined to go into a recession once every 10 years or so. #debtcrisis #recession #economy <a href='https://www.patreon.com/EconomicsExplained' target='_blank' rel='nofollow'>Patreon -</a> <a href='https://discord.gg/7kM7Tw9' target='_blank' rel='nofollow'>Discord -</a> Enquiries - loungejita@gmail.com Money printer meme <a href='https://youtu.be/O1hCLBTD5RM' target='_blank' rel='nofollow'>video -</a> second channel for Q&A <a href='https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g?view_as=subscriber' target='_blank' rel='nofollow'>Streams -</a> References - Harris, M. and Raviv, A., 1990. Capital structure and the informational role of debt. The Journal of Finance Chava, S. and Roberts, M.R., 2008. How does financing impact investment? The role of debt covenants. The journal of finance Holmstrom, B., 2015. Understanding the role of debt in the financial system. Frost, C.A. and Bernard, V.L., 1989. The role of debt covenants in assessing the economic consequences of limiting capitalization of exploration costs. Accounting Review Ariff, M., 1988. lsIamic banking. Asian‐Pacific Economic Literature <a href='https://www.theguardian.com/business/2019/jan/05/global-economic-crash-2020-understand-why' target='_blank' rel='nofollow'>Articles -</a> <a href='https://www.nytimes.com/2019/07/28/business/economy/economy-recession.html' target='_blank' rel='nofollow'></a> <a href='https://www.washingtonpost.com/' target='_blank' rel='nofollow'></a> <a href='https://www.theguardian.com/business/2019/dec/29/its-more-than-a-decade-since-the-financial-crisis-wheres-the-recovery' target='_blank' rel='nofollow'></a> Graham's <a href='https://www.youtube.com/watch?v=Uw3EhsmLe08&t=1385s' target='_blank' rel='nofollow'>Video -</a></span>\n</div>\n<div class='action-container flex justify-between'>\n<button aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'>\n<i class='fai fa-solid fa-align-left'></i>\n<span id='read_more'>Read More</span>\n</button>\n<div class='rp-report'>\n</div>\n</div>\n<div aria-labelledby='resource-details-heading' class='rp-info-section'>\n<h2 class='title' id='resource-details-heading'>Resource Details</h2>\n<div class='rp-resource-details clearfix'>\n<div class='detail'>\n<dl>\n<dt>Curator Rating</dt>\n<dd><span class=\"star-rating\" aria-label=\"4.0 out of 5 stars\" role=\"img\"><i class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"></i><i class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"></i><i class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"></i><i class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"></i><i class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"></i></span></dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt class=\"educator-rating-title\">Educator Rating</dt><dd><div class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=51563&amp;resourceable_type=Boclips%3A%3AVideoMetadata\"><span class=\"not-yet-rated\">Not yet Rated</span></div></dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Grade</dt><dd title=\"Grade\">6th - 11th</dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Subjects</dt><dd><span><a href=\"/search?keywords=reference+materials+library&amp;page=14&amp;search_tab_id=1&amp;subject_ids%5B%5D=1216220\">All Subjects</a></span></dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Media Type</dt><dd><span><a href=\"/search?keywords=reference+materials+library&amp;page=14&amp;search_tab_id=2&amp;type_ids%5B%5D=4543647\">Instructional Videos</a></span></dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Source:</dt>\n<dd></dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Date</dt>\n<dd>2020</dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<i aria-hidden='true' class='fai fa-solid fa-language'></i>\n\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Audiences</dt><dd><span><a href=\"/search?audience_ids%5B%5D=371079&amp;keywords=reference+materials+library&amp;page=14&amp;search_tab_id=1\">For Teacher Use</a></span></dd><dd class=\"text-muted\"><i class=\"fa-solid fa-lock mr5\"></i>2 more...</dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n\n</dl>\n</div>\n</div>\n</div>\n<div aria-labelledby='educator-ratings-heading' class='rp-info-section'>\n<h2 class='title sr-only' id='educator-ratings-heading'>Educator Ratings</h2>\n<div id=\"educator-ratings-root\"></div><div id=\"all-educator-ratings-root\"></div><div id=\"educator-rating-form-root\"></div>\n</div>\n</div>\n<div class='rp-resource'>\n<div aria-label='Show resource details' class='rp-show-info' role='button' tabindex='0'>\n<i class='fai fa-solid fa-align-left'></i>\nShow resource details\n</div>\n<div aria-label='Video player' class='player' id='player-wrapper' role='region'>\n<div class='relative container mx-auto' id='lp-boclips-visitor-thumbnail'>\n<a class=\"block\" data-html=\"true\" data-placement=\"bottom\" data-trigger=\"click\" data-content=\"<div class=&quot;text-center py-2&quot;><a class=&quot;bold&quot; 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