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Martin Wolf on how to change one's mind

FT News Briefing

Globalization, Integration Through Trade, Trade Led Development

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In the last 25 years, starting with the financial crisis, i changed my views on how these would work. I was very sympathetic to the broad thrust of policy making in the eighties and nineties. In two thousand seven, as the housing bubble burst, millions of americans found themselves owing more than their homes were worth. An unregulated financial market brought the entire global banking system to almost complete collapse. And martin was proven wrong. The market had not balanced out supply and demand. Well, if you're broadly pro market, and you find that the entire financial system, the call financial system, to be rescued by the state, then you don't change your mind about what pree fundamental

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