James K. Galbraith is the author of “The Predator State: How Conservatives Abandoned The Free Market and Why Liberals Should Too”. He is a professor at the University of Texas At Austin.
He states in an interesting Opinion piece at CBS news, “Banks Still Stand In Way Of Full Recovery” that at its deepest level the worst economic recession since the Great Depression was caused by a “breakdown in the rule of law” and that the first step toward prosperity is to restore the rule of law in the financial sector.
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