The Libor Scandal and the Price of Prosperity
Harvard Business Review
JUNE 29, 2012
Now, let me couch this for you in the human terms of political economy — the terms in which you and I should rightly conceive of an "economy" as the sum of the enduring human good; not merely as a set of pipes for the grease of finance to be injected into. Simon Johnson and numerous others have proposed banks be broken, split, limited.
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