by Simon Johnson & Simon Johnson and James Kwak
One of the really big issues raised by this book is whether we are actually living in a kind of oligarchy of the sort we attribute to places like Russia.
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“This inequality book documents how powerful the financial services industry has become, precisely on the issues the financial industry has a stake in. Because whenever you have any problems with finance or the macro-economy or the stock markets, what do the Fed officials do, and what do the Treasury officials do? They call the bankers.” Read more...
Daron Acemoglu, Economist