This Time Is Different
Eight Centuries of Financial Folly
Carmen M. Reinhart|Kenneth S. Rogoff
The book provides a comprehensive historical analysis of financial crises over the past 800 years, examining patterns and triggers of sovereign defaults, banking crises, and periods of high inflation. It argues that while economic circumstances and crises may vary, human behavior and the belief that "this time is different" often lead to similar financial disasters across different eras and countries.
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