My new book "Money & Macro from First Principles, for Elon Musk and Other Engineers" is now available on Kindle. Link in the next tweet 1/2

My new book "Money & Macro from First Principles, for Elon Musk and Other Engineers" is now available on Kindle. Link in the next tweet 1/2

Mainstream macro blames crises on public debt or bad policy. History tells a different story, The biggest crashes follow private debt booms , when households & firms load up on credit faster than incomes grow. 🧵1/8