Reading Michael Pettis: Why the Bezzle Matters to the Economy [Ep. 114]

The bezzle is the temporary gap between the perceived value of assets and long-term economic value. Economies at times systematically create bezzle, unleashing substantial economic consequences that economists have rarely understood or discussed. A reading, by Emil Kalinowski.

----------WHO----------
Michael Pettis, Finance Professor at Peking University and Senior Fellow at Carnegie-Tsinghua Center. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "36mm" by Jobii at Epidemic Sound.

----------WHAT----------
Why the Bezzle Matters to the Economy: https://bit.ly/3B4T5vO

----------WHERE----------
Michael's Blog: https://www.mpettis.com/
Michael's Twitter: https://twitter.com/michaelxpettis

Emil's Twitter: https://twitter.com/EmilKalinowski
David's Art: https://davidparkins.com/

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