The spring robins are out and warbling. Around the world, policymakers and politicians are congratulating themselves on a crisis well averted. Last month, US Treasury Secretary Timothy Geithner was already prattling: “[…] major policy intervention (including Emergency Economy Stabilization Act — EESA) was, in the end, successful in achieving the vital but narrow objective of […]
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Christian Prosperity Crisis :: by Wilfred Hahn
Researchers point out that one of the main differences between the U.S. financial crash and others — for example, that of Japan in the 1990s — was that it was households (individuals and families) that became heavily overindebted. This was not the case in Japan, nor the Asian crisis of the late 1990s, nor those […]