The Turning Point
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Cover image Lloyds of London by Sumpinein
To Tilla, Selma, Eléonore, Noé, Xaver, Elyas, Adélé
Economics was invented in order to mak e astrology look respectable.
John Kenneth Galbraith
For a number of diseases, 20% of the population account for around
80% of the disease spread. The present financial epidemic has broadly
mirrored those dynamics.
Epidemiology provides a second k ey lesson for financial policymak ers
– the importance of targeted vaccination of these 'super-spreaders' of
financial contagion. Historically, financial regulation has t ended not to
heed that message.
Bank of England