In this week’s Books Podcast, I’m joined by the economic historian Adam Tooze, author of the new book Crashed: How A Decade of Financial Crises Changed The World. How are the subprime collapse in the US and the Eurozone crisis that came after linked? Why did a cartel of mega-wealthy businessmen do a good job at rescuing the US from disaster, and a group of well-intentioned political technocrats make such a hash of it in Europe? And how is the Balance of Financial Terror between the US and China holding up these days? Here’s some stuff you won’t learn from Michael Lewis…
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