Friday, August 22, 2008

The Debts of the World: Central Bankers Stuck in Traditional Roles

Central bankers remain bound by tunnel vision.

"We are desperately in need of radical new thinking among the financial elite. We may not simply be at the end of an era, we may be on the verge of a reformulation of capitalism itself. However, the signs are that there are few iconoclasts among the policy elite. Central bankers in particular seem hopelessly stuck in their world views, starting with their conception of their role."


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