Why Financial Crises Will Keep Happening

 1 Files  2008 01 Blow-Bubbles-Blow-By-Linda-CroninGreat post by Ian Welch at FireDogLake on Why Financial Crises Will Keep Happening, which amplifies on Krugman’s column and my own cynicism about why unregulated financial markets make a few rich and create great costs and risks for the rest of use.

The interesting question is what are the other slow motion train wrecks are being discussed but not being taken seriously? Bulging U.S. credit card debt? U.S. trade imbalance with China and world? U.S. budget deficit and utter lack of federal budget management? Failure to invest in education with the resulting decline in employable youth and labor shortages? Keep an eye on the popping bubbles…


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