Wednesday, January 18, 2012

Lessons Learned

Photo: Mr. Dickie - Blackwater Falls, WV

The Great Depression ... taught the country ... the need for thorough financial regulation to curb fraud and excessive leveraging of risk.  Yet the Reagan administration unleashed a process of dismantling that regulation.  (Jeffrey D. Sachs, The Price of Civilization, p. 61)

Ask yourself these questions.  
  • Did you see it coming?  
  • If not, why not?
Mr. Dickie
18 January 2012

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