Recession lessons (6)
15/01/2009
Recession lessons (6)"We need to remake the banking system to better reflect the needs of business. They cannot simply go back to a reliance on mortgage lending." Edmund Phelps, Columbia University, NY, 08.01.2009. Professor Phelps was awarded the 2006 Nobel Laureate in Economics for his analysis of intertemporal tradeoffs in macroeconomic policy.
