The Dig: Crashed with Adam Tooze
Jacobin Radio
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The Interplay of Finance and Politics
This chapter examines the complex relationship between financial institutions and political systems, particularly during the 2007-2008 financial crisis. It discusses the implications of moral hazard, the reliance on short-term funding, and the role of central banks in maintaining liquidity and confidence. Additionally, it highlights the global nature of the crisis and its evolution into a sovereign debt crisis in the Eurozone, emphasizing the interconnected vulnerabilities across different nations.
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