The paradox is you know you're going to get a crisis at some point in the future. You don't know where it's going to come from. The new set of tools will lean against the bubble and keep a close eye on labor ratios and the amount of debt. Why is it that the bank has always seemed to make out, you know, we socialize the losses and the gains get taken by someone else privately? But the question I think you end on really pregnant and interesting is China. Can you just give us a little bit of your analysis of China, how resilient it will be and the world economy will be in dealing with it?
Since the Wall Street Crash in 1929, financial meltdowns have repeatedly sent shockwaves through our world. From the currency crises of the 1980s and 1990s, to Japan’s housing crash, the dot com boom and bust, the global financial meltdown, the euro crisis and the COVID pandemic. In May 2023, economist Linda Yueh came to Intelligence Squared to tell the stories of these historic events and what we can learn from them. Drawing from her new book The Great Crashes, Yueh warns about where the next crash might come from and shows how to prepare for them and prevent them. Joining her in conversation is politician and author, Jesse Norman.
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