11/06/2008

Wall Street Lays Another Egg

 

Not so long ago, the dollar stood for a sum of gold, and bankers knew the people they lent to. The author charts the emergence of an abstract, even absurd world--call it Planet Finance--where mathematical models ignored both history and human nature, and value had no meaning.

Wall Street Lays Another Egg
Niall Ferguson
Thu, 06 Nov 2008 05:00:00 GMT

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