Since the summer of 2007, participants in financial markets have been confronted by a crisis of their own making. In order to prevent the recurrence of a similar crisis in the future, the G-20 nations, at their finance summit in Washington on 15 November 2008, resolved to "ensure that all...

Recurring financial crises are part of the cyclical nature of a free market economy, though what is remarkable is that people often fail to learn from the previous mistakes that cause these crises. One reason for this could be that there has been a relative calm on Main Street which belies the...