August 2008
3 posts
WatchThe Commanding Heights Part One: The Battle of Ideas “A global economy, energized by technological change and unprecedented flows of people and money, collapses in the wake of a terrorist attack …. The year is 1914. Worldwide war results, exhausting the resources of the great powers and convincing many that the economic system itself is to blame. From the ashes of the catastrophe, an...
Governments Caused the Prob, Capitalism gets the... →
State error led banks to ignore the lessons of history and overdose on too-cheap money, writes Ambrose Evans-Pritchard
Three years ago, the world’s top watchdog warned that the global economy was veering out of control. Defending orthodoxy against the easy debt policies of the Greenspan era, the Bank for International Settlements said interest rates were being held too ...