The rapid fallout from less than a decade of financial speculation has been mind-boggling. Barely legal, the unregulated bubble in “credit derivatives”2 grew from $1 trillion in 2003 to $15 trillion in 20073 to finally burst, leaving the global financial system on life support in the public ward.
Trust seems like an old fashioned word these days but when it comes to government and economy a working level of trust is essential. Not everyone can be an economist or the overseer of operations on an international gas pipeline. […]