47th out of 94 books — 151 voters
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Clearly defines the theory that the banking system can only cope with a certain level of debt, that financial crashes are cyclical and that bailout and austerity plans are in direct conflict with each other. Probably the best book I have read on this subject with some disturbing views into the future based on previous crashes. Made me think deeply when the author stated that our political systems do not allow economies to make allowances for long term vision due to "group think." The section in ...more