Fault Lines: How Hidden Fractures Still Threaten the World Economy

Raghuram Rajan's Fault Lines is a must-read for anyone concerned about the state of the global economy.

In this groundbreaking book, Rajan argues that the 2008 financial crisis was not just the result of greedy bankers taking irrational risks, but rather a symptom of deeper flaws in the economy.

He shows how individual choices made by bankers, government officials, and ordinary homeowners were rational responses to a broken global financial order that rewards risk-taking at all costs. Rajan traces the fault lines in a world overly dependent on the indebted American consumer to power economic growth and stave off downturns.

He exposes how America's growing inequality and thin social safety net create tremendous political pressure to encourage easy credit and keep job creation robust, no matter the consequences.

The U.S.

financial sector is the critical but unstable link between an overstimulated America and an underconsuming world. But Rajan doesn't stop there.

He also shows how unequal access to education and health care in the United States puts us all in deeper financial peril, while the economic choices of countries like Germany, Japan, and China place an undue burden on America to get its policies right. In Fault Lines, Rajan outlines the hard choice we face: either fix the underlying flaws in the economy or risk another devastating crisis.

This book is a wake-up call for anyone who cares about the future of the global economy and the well-being of millions of people around the world.

So don't wait - read Fault Lines today and take action to ensure a safer, more stable tomorrow.