Tools for a New Economy Robert Pollin

In this article, the author outlines the reasons for the current financial crisis, juxtaposing them to earlier such crises. He then argues that it is the removal of the Glass-Steagall system in 1999 that lies at the base of the current crisis. The author also suggests a range of policy prescriptions for regulating the financial sector to avert such calamities in the future.

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