Collapse Through Collectivisation

International banks, stimulated by a government weakening of property rights, have over‐lent to uncredit‐worthy borrowers and precipitated a crisis in the international financial system, according to Professor Pascal Salin of the Université de Paris‐Dauphine. He argues that the return of responsibility can be accomplished only through o reliance on private ‐ not government ‐capital administered by bankers who bear the risk of their own actions, and sound monetary policies to restore the value of savings through the reduction of inflation.