Every time the credit expansion ran into trouble the financial authorities intervened, injecting liquidity and finding other ways to stimulate the economy. That created a system of asymmetric incentives also known as moral hazard, which encouraged ever greater credit expansion. [...] [Market fundamentalism] is an obvious misconception, because it was the intervention of the authorities that prevented financial markets from breaking down, not the markets themselves. (miljardööri George Soros Financial Timesissa 22.1.2008)
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Jatkuva funktio on toimittaja Aleksi Moision henkilökohtainen blogi. Kaupunkia, kulttuuria ja tekniikkaa. -
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