Date: May 7th, 2008

Catastrophe is a precondition to financial reform: Part 2, Postwar

7 May, 2008 (10:48) | Essential posts, Government, Policy, Theory | No comments

[Continued from yesterday’s Part 1.]  
Yesterday, in search of the answer to whether the sweeping reforms proposed by Treasury Secretary Paulson might be enacted any time soon, I posed the question: is the current catastrophe big enough?
 

Paste one on the nearest financial crisis
 
We saw how Shay’s Rebellion led to the Constitution, the Panic of 1907 to […]