Most retellings of the 2008 financial crisis, which began in the US and swiftly spread across the world, hinge on the understanding that the crisis came to an end-and that, in the US, it ended quite quickly. Crashed: How a Decade of Financial Crises Changed the World (Penguin Random House, Aug. 7, 2018), the latest book by British historian and Columbia University professor Adam Tooze, says this isnīt so. Though Tooze is a historian, it would be misleading to call this a history book. Ten years later, the the crisis still essentially determines how the financial system works, thanks to the political decisions and interventions by central banks in response to it. There has been no `return` to...
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