But the other reason is bricolage. Every time it happens, you fix it and then you go forward from there. There’s this perception with regards to financial crisis that, “Oh, one’s enough, you couldn’t possibly want to do that again.”
China, whose outsized growth the global recovery vitally depends on, has flouted almost every item in Friedman’s catechism
[...] Through bailouts of one kind or another, ranging from bank rescues to central bank bond-buying programs, crisis managers have not only stabilized the system; they have exposed its unending dependence on state intervention. In doing so, they have fatally undermined the ideological premises of …
[...] Through bailouts of one kind or another, ranging from bank rescues to central bank bond-buying programs, crisis managers have not only stabilized the system; they have exposed its unending dependence on state intervention. In doing so, they have fatally undermined the ideological premises of …
