Here we are, in a world of financial and economic pain, with millions of people around the world facing unemployment, reduced pensions, and reduced incomes, all because of the “credit crunch” – and most of us are still in the dark as to how it all happened.
I’m a classically-trained economist (B.Sc. (Econ.), University College London, class of 1986), and I have only the foggiest idea of what’s been happening. I don’t feel too bad about this, though.
Alan Greenspan used to…