The Libor Scandal and the Price of Prosperity
Harvard Business Review
JUNE 29, 2012
To the long, dismal list of fatally broken institutions — GDP, governments, schools, corporations — we can add the mysterious Libor , and its conveniently comfortable calculation. Faintly, in the distance, we protest, we shout, we object. Who authors the destiny of nations? Whose rights are sacrosanct?
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