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Economies in meltdown: lessons from past financial crashes

HistoryExtra podcast

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The Importance of Slow Growth in Japan

The housing bubble in Japan was an extreme form of euphoria. It took years for them to sort the banking system and then they ended up with lost decades of growth where prices fall. And that makes it very hard to grow because when you have following prices, people will put off purchases thinking that prices will be cheaper in the future.

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