Island economy vision v. network of interlocking balance sheets. It is a fundamental choice posed by @HyunSongShin perhaps first exposed by thinkers like Kindleberger in heyday of Keynesian/Bretton Wood system Something I understand h/t @PMehrling new book
adamtooze.substack.com/p/chartbook-16… https://t.co/yAJFXpnomb
@DanielaGabor @cedric_durand Hugely clarifying. thanks for spelling it out this way.
@DanielaGabor @cedric_durand Hugely clarifying. thanks for spelling it out this way.