4min chapter

The Reith Lectures cover image

The Darwinian Economy

The Reith Lectures

CHAPTER

The Financial Crisis of the 19 Seventies

Unfettered after 19 80, the financiers ran a mock banks blew up and had to be bailed out. Now they must be fettered once again. The financial crisis that began in two thousand seven had its origin precisely in over complex regulation. A serious history of the crisis would need to have at least five chapters on its perverse consequences.

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