Markets in the ancient world

posted by
October 25, 2011
Adam Smith Institute
by Eamonn Butler  
Posted in Commentary

"In 2008 the world financial system took quite a knock from the US sub-prime mortgage market. When the boom ended and the music stopped, a lot of banks in the UK and other countries found themselves holding loans that were never going to be repaid -- and, basically, ran out of cash. It was no different in 88 BC says Kay." (10/25/11)  

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