Thursday, February 24, 2011

Much Ado About Debt

To tackle the financial crisis-credit/economical, Governments around the world have slashed interest rates, the bailed-out bankrupt financial insititutions, involved in the wholesale printing money, guaranteed debt and pumped money for their economies. However, while these programs may have had some impact attenuating on the crisis, they did little to treat the underlying cause. Specifically, the debt was merely moved from an institution

No comments:

Post a Comment