In this, @andrewrsorkin makes a great point: we’ve democratized finance so much that we don’t know how much debt is really in the system. And all financial crises have excess debt at their core. His book 1929 is a superb thriller. He explains it in this @AmanpourCoPBS segment:
Andrew Ross Sorkin Explains the 1929 Financial Crash and Lessons for Tod... piped.video/Ul97b32F8Js?si=oM_g… via @YouTube