MY SAY: Innovators, imitators and idiots

Abd Razak, Dzulkifli (2008) MY SAY: Innovators, imitators and idiots. The Edge.

[img]
Preview
PDF
Download (87Kb) | Preview

    Abstract

    The current financial crisis can be explained by the involvement of three groups that begin with "i": namely, "the innovators", "the imitators" and "the idiots", I heard at a seminar recently. While one can reasonably guess who should be in the first two groups, it is not so easy to pinpoint who belongs to the third. Going by a recent statement issued by former Federal Reserve chairman Alan Greenspan, whom some regard as one of the "innovators" (or even "the maestro"), there are ample indications as to who they are. In USA Today, he reportedly admitted that he trusted the banks and investment houses not to do stupid and destructive things, and was stunned when he found that was exactly what they were doing. Until the dust settles, the jury is still out on whether they are the real idiots!

    Item Type: Article
    Subjects: H Social Sciences > HC Economic History and Conditions > HC79 Special topics-Including air pollution, automation,consumer demand, famines, flow of funds,etc.
    Divisions: Koleksi Naib Canselor (Vice Chancellor Collection) > Profesor Tan Sri Dato' Dzulkifli Abdul Razak > Newspaper Clippings
    Depositing User: Mr Noorazilan Noordin
    Date Deposited: 06 Apr 2017 10:31
    Last Modified: 06 Apr 2017 10:31
    URI: http://eprints.usm.my/id/eprint/32875

    Actions (login required)

    View Item
    Share