I recently wrote about the tangible consequences of the profits and losses that entrepreneurs in the economy make: "When companies make a loss then, what goes missing from the economy is not money either... indeed, if under our present banking system this happens from time to time this is entirely...
Speaking at the Asia-Europe summit Chinese Premier Wen Jiabao recently said , “The biggest responsibility is to stabilise the financial order as soon as possible. We need to use all available tools to prevent the crisis from harming real economies.” The Premier's comment is hardly in...