(…) All of a sudden, in investment houses all over Wall Street, the erstwhile Bond Bores were making so much money they took to congregating after work in a bar (…) to tell war stories … and assure one another this wasn’t dumb luck but, rather, a surge of collective talent. (…) Masters of the Universe!”.
But were he to have been able to observe the past fifteen years in the global economy and financial system, I think he would have recognised many of the features. Finance matters. Its conduct can make a massive difference to economic development and to ordinary lives – for good or ill.