Less regulation, not more, is answer to current financial crisis
History lesson
“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 financial crisis and what the correct reaction should be lies not in the Great Depression but in the
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