When experts fail

Governments have acted in entirely predictable ways in responding to the 2008 international financial crisis. First they have looked for someone, other than themselves, to blame. "Greedy bankers" paying themselves "obscene" rewards fit the bill perfectly. Secondly, they have acted in order to show the public that they themselves are "doing something" and are on top of the problem. The G20 meeting of November 2008 listed 50 actions that governments or their regulators would take. The current wave

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