The world is in a crisis detonated by investments in safe assets, mortgages and houses; in a safe country, the USA; and in safe instruments, rated AAA… and still the experts, Nobel Prize winners included, have the galls to call it excessive risk-taking, and not the excessive misguided risk-aversion it really is. Given that risk is the oxygen of any development... God save developing countries from these developing experts!
Saturday, June 27, 2009
The UN Conference Crisis & Development June 2009 - My Dissapointments
