Why Does the “Ghost of 2008” Still Matter?

By now, we have traced the journey from the first “kerosene-soaked” mortgage (Chapter 1) to the Great Inferno of bank collapses (Chapter 2) and the Scorched Earth of foreclosures and unemployment (Chapter 3).

However, for an Apollo Scholar, the story does not end when the stock market bounced back. The 2008 Financial Crisis changed the DNA of finance, politics and trust.

• Why do banks pay you almost no interest today?
• Why was Bitcoin invented?
• Why do modern politics feel divided?

The answers lie in the Ghost of 2008. This chapter explores the new rules of finance, the rise of digital money and the modern risks that could ignite the next crisis.