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26min chapter
Why Bubbles are Good | Byrne Hobart
Bankless
Economic Stagnation and Innovation
This chapter examines the stagnation in the U.S. economy, analyzing contributing factors such as over-regulation and cultural shifts towards safetyism. It provides a historical context of the Bretton Woods agreement and the implications of the U.S. dollar's evolution as a reserve currency. The discussion further explores the delicate balance between technological innovation and societal risks, emphasizing the need for risk-taking to drive progress.
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