The beauty (and curse!) of SN is the many good reads people recommended. Can't keep up

denlillaapan

Coming from you, that means _something_ :)

south_korea_ln

econ

Central banks need escape route from cycle of boom and bust

Very good read, thanks for sharing.

This, in particular:

"persistent reliance on sovereign intervention to mitigate macroeconomic and social-economic volatility might exacerbate moral hazard and lead to the misallocation of resources towards low-productivity projects and “zombie” companies that produce profits short of debt servicing costs."
