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I want to recommend two books on this subject, of contrasting if not tangential subject matter. “Debt: the first 5000 years” by David Graeber and “This time is different” by Reinhart and Rogoff. They differ drastically in perspective, but both discuss capitalism with a very long- term view. To respond to the posts above, I want to say that it almost always feels like a rollercoaster ride when up close, and that financial “innovation” and liberalization usually leads to corrections of varying degrees.


Specific to the 1940-1980 period [and Debt: first 5k], I also really enjoyed Generation of Sociopaths.

Lots of charts/graphs, which will leave you in doubt [regardless of your age]. The math checks out...




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