After the Fall
It’s been said that the four most expensive words in the world are: ‘This time it’s different.’
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One of the things that happens in economic good times – a very clear lesson from history which is repeatedly ignored – is that money gets too cheap. Too much credit enters the system and there is too much money looking for investment opportunities. […] it is an iron … [ Read more ]
Author: John Lanchester | Source: London Review of Books (July 5, 2018) | Subjects: Articles & Links, Economics | Economy, Excerpts, Life & Society, Politics & Public Policy