Monday, January 23, 2012

Alan Greenspan

Photo: Mr. Dickie - in our side yard

The disdain for regulation led Alan Greenspan to believe that financial institutions would police their own risks, a blunder that ended up costing the world economy trillions of dollars. (Jeffrey D. Sachs, The Price Of Civilization, p. 62 (see also p. 91-2)) 23 January 2012

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