The Global Financial Crisis: Lessons from History
Economy | Information | History | Online | Facts | World | Global | Money
On January 14, the Hutchins Center on Fiscal and Monetary Policy discussed financial crises, economic recovery, and their historical parallels from the Great Depression and the Great Recession with economic historian Barry Eichengreen of the University of California, Berkeley. http://www.brookings.edu/events/2015/01/14-global-financial-crisis-lessons-from-history Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-institution
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Central bankers are currently operating on the same principals / philosophy that was used to manage forest fires earlier - every little fire gets extinguished while the undergrowth grows. Eventually a big uncontrollable fire rips through the forest consuming the undergrowth - a fire no goverment or central banker can hope to control.
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