MainStreetChungus on Nostr: Has #nostrbookclub read this yet? Needed a book for my flight and stumbled across it. ...
Has #nostrbookclub read this yet? Needed a book for my flight and stumbled across it.
The author Mervyn King was head of the Bank of England from 2003-2013 and witnessed the 2008 financial collapse first hand. Even in the first chapter he describes what we have been witnessing today.
Central banks were stuck on a zero/negative interest rate policy to try and make up for the fact that growth was dead after the 2008 collapse. There’s no way to continue with high interest rates without collapsing the system.
The author Mervyn King was head of the Bank of England from 2003-2013 and witnessed the 2008 financial collapse first hand. Even in the first chapter he describes what we have been witnessing today.
Central banks were stuck on a zero/negative interest rate policy to try and make up for the fact that growth was dead after the 2008 collapse. There’s no way to continue with high interest rates without collapsing the system.