Introduction

Joey Swagman sits down for a chat with young economist Amir Suvi. He won the Fisher Black Prize, which is given by any elite to top financial economics scholar under 40. His 2014 book House of Debt places credit at the centre of financial bubbles. It challenges the prevailing narrative that the financial crisis and Great Recession were essentially failures of the system of financial intermediation. What causes protracted economic downturns? This question is actually more spooky than you think.