This book appears at an appropriate juncture when the credit markets are in the intensive care unit and equity markets have followed. But, according to the author, Harvard financial historian, Niall Ferguson, hostility to financiers at times of crises is a recurrent theme in the history of human civilisation, partly because debtors always outnumber creditors, partly because of the instability that financial crises produces, and partly because finance have always been run by ethnic minorities who have built tight-knit networks of kinship and trust.
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