Is Over Expansion of Credit and Excessive Speculation not the root cause of present Economic Crisis ?
A person should try and live within the available means and not the expected means. When we want to overstretch, we use the word growth, progress etc, which sound very lucid, but are the same that take you into great trouble, unless U are lucky enough.
Secondly, over speculation is the reason. When a person wants to become rich quickly, he is tempted to gamble, and the case of governments can be no exception as we have seen in India, where stock trading was made akin to casinos. The government and the regulators slept and the common man suffered.
Due to paucity of time, I am unable to elaborate. Looking forward to your valuable comments and opinions
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