Quote of the Day | 1119

Financial markets are supposed to be a means to an end — a more prosperous and stable economy as a result of good allocation of resources and better management of risk. But instead, financial markets didn’t manage risk, they created it.

Joseph E. Stiglitz, in: Der Spiegel

Five Nobel prize winners on the current crises.


[x]#4767 fan woensdag 19 november 2008 @ 11:29:46