How do we get out of this mess?
That's the question that Adair Turner, Chair of the UK Financial Services Authority, was addressing in his lecture to Cass Business School this week. Since the current policy mix has failed, Turner reflects, "we must think fundamentally about what went wrong and be adequately radical in the redesign of financial regulation and macro-prudential policy to ensure it doesn't happen again."
In this lecture, Turner does just that, getting to the root causes of the crisis and proposing policy solutions to clean up the mess and get our economies growing sustainably. Read more