Quoting the Crisis25/09/2009
“ The simple truth is that New Deal financial regulation worked. In fact, it worked remarkably well. Banking crises essentially disappeared after 1933 (see chart), without any apparent reduction in economic growth. Not only was the period of 1933-1980 one of unusually strong growth, but the growth was broad based, associated with stable or falling income inequality, rather than with the rising inequality that took hold after 1980. „
David A. Moss in A risk-management plan to help prevent financial crises | Harvard Magazine September-October 2009
Quote posted at 15:05
