"I have never understood why financial stability should be an objective of public policy,"...

|By:, SA News Editor

"I have never understood why financial stability should be an objective of public policy," writes London Banker. "Stability is a silly and impractical goal in a capitalist economy ... Financial stability (is) the most misleading banner for a set of bad, harmful, and expensive public policies." Or as a wise man once said, "Stability is destabilizing."