Hear, Hear, John Kay

As a followup to my post yesterday, I would like to invite Ben Bernanke to read (if he hasn't already) the perfect analysis of the problem by John Kay of the Financial Times. Other than extending Mr. Kay's time-line to include every financial crisis since 1913, I haven't a word to add; so I'll just link:

Unfettered finance has been the cause of all our crises by John Kay of the Financial Times.