The current crisis has taught us some valuable lessons. At its core, the crisis illustrates the need to disregard age-old principles. Unfortunately, creditors’ dogged adherence to some longstanding doctrines has led to misconceived policies, inflicting unnecessary pain on some without putting an end to the crisis. For some, the question of whether recovery will come soon enough is still up in the air.
Readers might think I have an issue with the world of finance. Not at all: finance is fundamental in the lives of people, companies and nations. Readers might stop to consider what would happen if there were no banks, money, credit, investments, wealth management… Well, we already knew how that was a few millennia ago, […]