Less regulation, not more, is answer to current financial crisis
The 19th century should be the inspiration for the government and regulators looking at how to deal with the current financial crisis, according to a prominent economist.
“The story I have to tell you is a story of caution, depression and the world of debt. Caution is the big lesson to be learnt from the financial crisis and the other is there is nothing new,” said Forrest Capie, professor emeritus of economic history at Cass Business School, the keynote speaker at the Family Office Investment Summit in London on June 11.
For him the key to understanding today’s
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