"Meteorology is not caused - at least not predictably - by the decisions of the helmsmen it affects. Financial crises are. It is because we can be counted on to be lenders of last resort that traders and managers can discount the risks of system-failure and therefore behave imprudently with increasing ease and frequency." -- A brilliant essay calling for a new financial order, chucking the "Welfare Keynesianism" (for banks) that has ruined the current system.

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