The American economic guru explains how he missed the signs that the economy was going off a cliff during the decade he was chairing "the Fed," the body that functions as the U.S. central bank. A strong believer that markets can self-regulate thanks to the enlightened self-interest of the players, he failed to recognize the danger signals of the U.S. financial collapse that also engulfed Europe.
The world has modernized thanks to waves of Western inventions, and the next wave must be a regulatory revolution to ensure that discoveries spread horizontally as far and fast as possible. It is an agenda for the newly formed Transatlantic Economic Council.
Topic:
Economics, Government, International Trade and Finance, and Science and Technology