Prof. Stiglitz shares his thoughts on who should really take the blame for the financial crisis.
It was the biblical economist, Norm Franz, who said, 'Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves'.
The phrase lions led by donkeys was used by British front-line soldiers in the First World War. They were the brave lions who were sent to their deaths by incompetent and often indifferent leaders.
What a difference six months makes. At the beginning of the year Boris Johnson was talking about the U.K. becoming Singapore-On-Thames.