this post was submitted on 21 Apr 2025
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“Imminent collapse” is a fairly common theme among modern economies
It's a built in, central facet:
This Time Is Different: Eight Centuries Of Financial Folly
Eww Reinhart and Rogoff, all my homies hate Reinhart and Rogoff.
TL:DR Reinhart and Rogoff infamously cherry picked their data and had coding errors to support austerity measures that fucked over much of the world, subsequent meta analyses found that austerity doesn't work.
Growth in a Time of Debt - Wikipedia - https://en.m.wikipedia.org/wiki/Growth_in_a_Time_of_Debt