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Something to do with the fact that the financial liberalization hadnt yet happened and that that had something to do with the stability of the it surely did. The fact that the stock market kind of went up 15 to 20 a year every year through the 50s even though Economic Performance was kind of lousy and getting worse had something to do with a growing sense the world what kind of reverse to decreases in the risk premiums but no doubt what you are describing is a portion of the story the extent to which one could go back to that in the modern world. I have a question in terms of a Lesson Learned from the last episode in the recession in the u. S. Some would say that a lot of policymakers and attention went to strengthening the Financial Center wall street and there was considerable success there and too little was d ....

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