
Liaquat Ahamed has spent his career studying the moments when the world’s financial system breaks down — the bad bets, the collective delusions, and the geopolitical accidents that tip economies into catastrophe. Right now, he says, he doesn’t like what he sees. “Where we are today is frightening,” Ahamed, the Pulitzer Prize-winning author of Lords of
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Incoming Fed chairman takes over the central bank at a pivotal moment: AI is estimated to reshape the economy as we know it (for better or worse, depending on who you ask), geopolitical tensions are rising, and consumers are hollering for relief from the cost of living. There’s also the small matter of national debt—the
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