Topic: James Payne
The term "nation-building" smacks of colonialism. But when war has broken a country, nation-building is a moral duty -- and the best way to build is with equal parts outside and inside effort.
A more realistic view is that a housing boom and bust happened to strike a fragile financial system whose fragility was worsened by ill-conceived government interventions.
07/09/2010 03:36 pm