Season 8, Episode 33
In 2005, Raghuram Rajan said the financial system was at risk “of a catastrophic meltdown.” After stints at the I.M.F. and India’s central bank, he sees another potential crisis — and he offers a solution. Is it stronger governments? Freer markets? Rajan’s answer: neither.
To find out more, check out the podcast from which this hour was drawn: “This Economist Predicted the Last Crisis. What’s the Next One?”