Michael Mussa: "There are three types of financial crises: crises of liquidity, crises of solvency, and crises of stupidity…"

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Michael Mussa: "There are three types of financial crises: crises of liquidity, crises of solvency, and crises of stupidity…"

http://www.bruegel.org/nc/blog/detail/article/1048-europes-cyprus-blunder-and-its-consequences/#.UU22wb9DFTQ

March 23, 2013 at 07:10 in #economics, #monetaryeconomics | Permalink | Comments (6)

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