293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity

1348.746 - 1374.339 Doyne Farmer

their valuations dropped very low, which meant that all these financial institutions holding them were stressed, which meant that they were not in shape to lend money anymore, which meant nobody was lending money to the businesses in the real economy that needed it to construct new buildings and do all the things that we do in the real economy, and the real economy got whacked really hard.