May 2, 2012
What's the Future of Central Banks?
Martin Wolf, Financial Times
Nobody can be confident that the propensity of the financial system towards huge crises can be halted. Indeed, the longer that success is achieved, the greater will be the complacency and the bigger may be the crisis. Yet the regulators, central banks foremost among them, are doomed to try. The price of past failures is their present increase in responsibility. It really is a strange and eventful history.
TAGGED: United States, Canada, Sweden, Eurozone, Ben Bernanke