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Scott James
drscottjames.bsky.social
did:plc:h5pnk2pqz5yfcv653eyjlfjm
The Reinhart/Rogoff bargain here is that generational deregulation > crisis > bailouts = the price of credit creation, creative destruction, etc. But it relies on a logic of mean reversion for central bank balance sheets and public debt that we left in 2008. So next time probably will be different.
2025-10-13T08:47:40.583Z