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The Economist· 2025-07-17 17:30
Over the past decade the global order has been upended by populists, authoritarians and war. Yet the economy is powering on, unfazed. The trouble is that threats are now mounting https://t.co/AvcR1nNfvN ...
The Mechanics of the Big Cycle
There are orders, you know, there's a monetary order, there's a domestic, political, social order. Um there's a global world and they go through tend to go through a cycle um in which they break down and you have new orders. So a good example would be let's say 1945, we have a new monetary order, we have a new uh all those orders.Um, and then when they break down, um, you wipe out a lot and you have a new beginning and everybody remembers the trauma of the past and then there's the building up of credit, th ...