http://www.ft.com/cms/s/0/152ccd58-3294-11e4-93c6-00144feabdc0.html#axzz3CLWNUe1Y
It doesn't need a book by Mr. Martin Wolf of Financial Times or X number of articles to tell us what is correct reform. It can be summed-up in just 2 lines:
1. The CRR should be no more than 1:4
2. Debt should be punished and Equity rewarded not other way round
Finally, Printing Money should be a) the last option not the default one b) It should be completely under the control on Central Bank and not under the Investment Bankers as it is presently.
It's not complicated is it? But then, when all are controlled by the bankers (including the politicians, the central bankers, the consumers, the businesses) for different reasons, then we need tonnes of articles and books to understand what went wrong and loads of regulation to show that something is being done!!!
Regards,
Pradeep
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