Quote of the day - financial liberalisation

Quote of the day:

"financial liberalisation and financial crises go together like a horse and carriage."

From the Financial Times' chief economics commentator Martin Wolf, in a review in 2009 looking at Carmen Reinhart's and Kenneth Rogoff's historical overview of global financial crises.

No great surprise there, just a nice quote really, based on exhaustive research. But the review is informative.