· While the central bank should stand ready to intervene to prevent bank runs, it should let the financial sector run itself with a light regulatory hand, viewing itself not as a chaperone but rather as the designated driver in the case of speculative excess. This is the doctrine that Krugman argues is no longer sufficient for our age.
C'est la doctrine dont Krugman dit qu'elle ne suffit plus à notre époque, et il a de bons arguments à l'appui.