Oct 13, 2008 08:37
Here's a thought. How much of this worldwide banking crisis thing is due, not to deregulation or over-regulation¹ or regulations inadequately applied, but simply to the fact that all the movers and shakers in banking work insane hours, are either massively sleep-deprived or addicted to stimulants or both, and consequently make really stupid decisions?
¹ I've heard this seriously claimed, but for the life of me I can't follow the logic. Perhaps one of you can enlighten me?
economics,
inadvisable