Top Models Saugato Data talks about “Fault Lines”, a recent book by Raghuram Rajan, in which the author blames the current recession on pushing cheap credit to the poor, as a political response to the growing inequality in US - in 2007 the richest 1% of American households took a staggering 18.3% of national income.
Others say it was the irrational exuberance - doing its dirty work, once again... (0)
2011-01-19
Client: The Economist, London.
Link: ›www.economist.com/node/17957107