The Gold Standard  

The column by Martin Wolf in FT on the 19th May is a recommended read. It summarises the issues very well:
We can guess that finance will make a recovery in the years ahead. We can guess, too, that its glory days are behind it for decades, at least in the west. What we do not [...]

This sentence in Brad Setser’s post of April 2, 2009 caught my eye:
When economic and financial historians look back at the current crisis,… [More here]
What is Brad saying? Is it all over and time to start looking at the crisis in historical terms? 
Well, I am being somewhat cheeky here, I admit. Brad does provide some [...]