“They…took an enormous amount of time to put together datasets that allow us to look back eight centuries and ask, quantitatively, whether there are any common denominators to financial crises. And the not-surprising answer is, ‘Yes, absolutely.’”
The Best Finance Books
Andrew W Lo, Economist
“The Wall Street crisis was not different from any number of other crises that have been fuelled by credit bubbles and mismanaged macroeconomic policy.”
Francis Fukuyama, Political Scientist
“It points out that if you have 90% debt-to-GDP ratios, you invariably end up in a marked slow-growth period for several years.”
The Decline of the West
Dambisa Moyo, Economist
“They’ve gone back 800 years and you can see roughly what’s been going on with government borrowing and lending over that time.”
Charles Morris, Entrepreneurs & Business People
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