Banking Crisis: The Old Hat in Capitalism
April 09, 2009 at 10:47 AM EDT
Banking crises are old hat in capitalism, and much of what ails us these days is first and foremost a banking crisis. The question is whether that matters in diagnosing the cause, and the apparent solution for the recession du jour? It does…maybe. Economic contractions brought on by a banking crisis must be distinguished from downturns [...]