Lord Turner on the causes of the financial crisis and what to do about it
Adair Turner, Chairman of the Board of the Institute for New Economic Thinking, became Chairman of Britain’s Financial Services Authority just as the world financial crisis erupted in 2008, and he played a leading role in designing a new global regulatory structure. In his new book, Between Debt and the Devil: Money, Credit, and Fixing Global Finance, Turner reveals that out-of-control private debt actually caused the crisis, and he explains what to do about it.
…