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JBwantstoknow
Guest
I don't understand something about the global financial crisis. I am not an economist but from my limited understanding, the global financial crisis was caused by people, businesses and governments borrowing and financial institutions lending too much such as in sub-prime loans. That being the case, why is so much effort being put on "getting the credit markets flowing again" & lowering interest rates to make borrowing easier. In other words shouldn't we be concentrating on saving as opposed to more borrowing and making it easier to borrow worldwide. It seems governments are pushing the exact opposite of what we should be doing. Help!