Most Consequential Choices Involve Shades Of Gray,

The Recognition That Things That Are Not Sustainable Will Eventually Come To An End Does Not Give Us Much Of A Guide To Whether The Transition Will Be Calm Or Exciting.

The Plausible Outcomes Range From The Gradual And Benign To The More Precipitous And Damaging.

Financial Crises Require Governments.

Looking Past The Immediate Crisis, A More Resilient System Must Be Built On Stronger And Better Designed Shock Absorbers, Both In The Major Institutions And In The Infrastructure Of The Financial System.

Never Before In Modern Times Has So Much Of The World Been Simultaneously Hit By A Confluence Of Economic And Financial Turmoil Such As We Are Now Living Through.