Archive for December 15th, 2009
Fundamental driving forces of the financial crisis
by Mr. Wiseman on Dec.15, 2009, under Opinions
It is superfluous to note on this blog that the world economy is passing through the most severe financial crisis since 1929.[1] Its results are also beginning to be well understood: the era of increasing deregulation has ended and instead increased, in the US very large scale, state intervention in the economy has begun.[2]
But what type of crisis is this – which greatly affects what its eventual outcome will be? (continue reading…)
