Generating Independent Economic Thinking

When the economic downturn hit the west in 2008, there was amazement at the scale of paralysis it had caused and was threatening to cause further. Financial institutions of America that were heretofore considered as impregnable fortresses of capitalism tottered. They were so critical to the functioning of the rest of the economic system, not only to Europe and America, but to the rest of the world as well, that governments started pouring hundreds of billions of dollars in them to salvage them. Yet, the end in view was not clear...More