How Do We Get Out of Here?

What we have today is a problem in the financial sector of the world economy. It began in the US, and it has expanded globally. In my view, it is the result of many well-intended rules, some mistakes, some bad decisions, some malfeasance and a bit of Murphy’s Law. What follows is how I saw this unfolding during the past 30 years. I don’t pretend that it’s exhaustive. It’s just what I’ve seen and how I’ve seen it.

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