The Importance of Trade in the Financial Crisis

In the 90s and particularly with the asian financial crisis I became aware that finance could go very very seriously wrong. We were beginning to manage our economies pretty obviously through unsustainable credit expansions and asset price bubbles, he says. Rising inequality seemed to me a very important part of why we got into this tremendous crisis which was immensely significant forI didn't think such a thing would happen again it seemed so close to the great depression though fortunately policymakers understood better what to do partly because of the lessons learned and we dealt with it.