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European Salon de News, Discussion et Klatsch - 5 March | 129 comments (129 topical, editorial, 0 hidden)
Re: Brown and U.S. protectionism (none / 0)
He warned that protectionism ultimately makes every nation vulnerable because "a bad bank anywhere is a threat to good banks everywhere."

That would make interdependence and cross-border exposures bad, surely?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Carrie (migeru at eurotrib dot com) on Thu Mar 5th, 2009 at 02:03:08 AM EST
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European Salon de News, Discussion et Klatsch - 5 March | 129 comments (129 topical, 0 editorial, 0 hidden)
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