Ayn Rand acolyte Greenspan skewed incentives in favour of finance managers and the famous collapse of 2008 followed. The Cassandra of that time, Raghuram Rajan, raises interest rates against expectations to disappoint the market that cheered his very arrival at the Indian central bank. In the year the UPA is piling on the subsidies for votes ahead of the 2014 elections, a cautionary man in the RBI is doing the right thing says El Salvador’s former finance minister. qz/126875/the-economist-who-predicted-the-financial-crisis-just-sounded-another-alarm-it-would-be-wise-to-listen-this-time/
Posted on: Tue, 24 Sep 2013 14:50:15 +0000
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