In the news (from The Wall Street Journal): “Germany Blasts ‘Powers of the Fed’” German Chancellor Angela Merkel, in a rare public rebuke of central banks, suggested the European Central Bank and its counterparts in the U.S. and Britain have gone too far in fighting the financial crisis and may be laying the groundwork for another financial blowup.
My Comment: Whether they like it or not, if the financial systems remain completely egoistic as they are, it cannot lead to anything other than the deepening of the crisis. This descent will continue, possibly with some fluctuations, until we come to the complete realization of the need to change our relations among each other to being good and trustworthy.
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