What causes the ebbs and flows of the business cycle? In the first of two videos, Chicago Booth's Amir Sufi argues that one key factor is the financial sector and its willingness to lend. As credit becomes more and more available at the household level, the economy booms—but when household debt becomes unsustainable, it sows the seeds for a bust. For an explanation of how inequality may fuel credit-supply expansions, see part two of this series.
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Journalist David Enrich joins the podcast to discuss the influence of “Big Law.”
Capitalisn’t: How Big Law Firms Shape Capitalism
Attitudes and expectations about remote work have shifted globally.
Infographic: How the WFH Picture Varies around the World
Quantitative easing may have played a part in the US financial sector’s current instability.
Did the Fed Contribute to SVB’s Collapse?Your Privacy
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