Wednesday, February 4, 2009

The mission at Davos: Avoid a crisis of capitalism - International Herald Tribune

The mission at Davos: Avoid a crisis of capitalism - International Herald Tribune: "But, again, the governments must resist the temptation to pin everything on the convenient banking scapegoat. They have also got to put their own houses in order. Credible promises to balance budgets as soon as the crisis is past - even as deficits mount in the short run - should be high on the agenda. So should commitments by central banks to take account of credit growth and asset prices, rather than just looking at consumer prices, when they set interest rates."

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