This heart attack

Just as we have ways and means to resuscitate a person who suffers a heart attack, measures should be taken to a set up a 'financial defibrillator' to respond to sudden economic crises.

There are striking and terrifying similarities between the sudden failure of a heart and that of a financial system. In the medical literature, the former is referred to as a sudden cardiac arrest (SCA). By analogy, I refer to its financial counterpart as a sudden financial arrest (SFA).


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