>>Stepping lightly over the sub-prime meltdown, he [Larry "I'm to Brilliant for >>Your Party" Summers] averred: “Most financial crises don’t seem to have their >>roots in financial innovations.”<<
Naturally enough, he ignores the role of financial deregulation, which he championed. A complete story would involve a dynamic interaction -- a dialectic, if you will -- between regulation and innovation. On Fri, Apr 29, 2011 at 12:27 PM, Louis Proyect <[email protected]> wrote: > http://www.newyorker.com/online/blogs/johncassidy/2011/04/george-soros-bretton-woods.html -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
