2008-10-12

The current financial crisis: healthy?

The Washington Independent has published the article “The Great Unwind”. The article's author argues that the current crisis is necessary to reestablish a balance in the financial systems. As a consequence, most fixes that are currently being debated won't help at all---similar to making an illness worse by treating the symptoms. The crux of the matter is that as a society, letting the crisis run its course might be the best thing to do, but for individuals, we must find a way to prevent poverty.

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