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A populist measure that is actually good economics: no bailouts. Bailouts are very unpopular with average people (as seen in 2008), and the unpopularity seeded much of the anti-establishment feeling and anger today.

normativepending

Speaker

Ruchir Sharma

Evidence Quote

“here is one populist measure which I think is good economic ICS if you say no bailouts...the 2008 bailouts...they were very unpopular with the average American...that I think SED the seeds for so much of the anti-establishment feeling”

Source

The real impact of growing budget deficits - Ruchir Sharma— Norges Bank Investment Management
Created: 8/11/2026, 8:01:53 AM

My Notes

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