Opinion
Monetary policy is not solely to blame for this banking crisis
The view that what has gone wrong with our economies in the past few decades is mainly loose monetary policy is a cop out.
Martin WolfColumnistSo, who, or what, is to blame? Why, 15 years after the start of the last financial crisis, might we be seeing that of another?
For many, it is the fault of a long period of ultra-low interest rates imposed by central banks. For others, the cult of the bailout is at fault.
Financial Times
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