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.
 |
Nationality: American Type: Public Servant Born: August 18, 1961 |
“Don't you have a machine that puts food into the mouth and pushes it down?”
“If there was the opportunity to climb a mountain, or to go ballooning, or some adventurous activity, I would always be keen to do it. I loved the countryside.”