Daily Archives: June 22, 2024

Book Bits: 22 June 2024

What Went Wrong with Capitalism
Ruchir Sharma
Essay by author via Financial Times
Many observers think the era of easy money ended with the recent return of inflation, because it forced central banks to raise interest rates. But this era was not defined only by low rates and did not begin only in 2008; it encompasses the suite of habits — borrow, bail out, regulate, stimulate — that have been building for a century. It is not over until old habits change.

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