Tuesday, October 26, 2010

'For a society to base its financial system on alchemy is a poor advertisement for its rationality'

[B] anking crises are endemic to the market economy that has evolved since the Industrial Revolution. The words “banking” and “crises” are natural bedfellows. If love and marriage go together like a horse and carriage, then banking and crisis go together like Oxford and the Isis, intertwined for as long as anyone can remember. Unfortunately, such crises are occurring more frequently and on

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