There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.
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Nationality: American Type: Public Servant Born: August 18, 1961 |
“I realized immediately that this was a terribly important discovery, but I didn't realize how important it would be until we had spent a lot of time in the laboratory studying it.”
“The color of somebody's skin or the way he wears his hair or clothes has nothing to do with anything.”