to see the old version, I put it here. Others thought the central bank lacked credibility, as it would never allow a big discount house to fail. One sign of the potential magnitude of the problem is the discrepancy between government receipts as a percentage of GDP, which have remained more or less constant during the entire period from the end of World War II to the present, and tax rates, which. Markets for short sales and futures contracts sprang. Though not as large in size than some of our better known neighbors, theres a certain comfort in being part of a small friendly community. A natural reaction to this emerging-markets crisis might have been to demand that investors conduct proper checks before putting money at risk. Banks quickly started advertising the fact that they were fdic insured, and customers came to see deposits as risk-free. If you want to understand economic inequality and more importantly, if you actually want to fix the bad aspects of it you have to tease apart the components.