Thank you for your Blog caf? section. Economic discussions in the blogosphere are very vibrant. Maybe bloggers are closer to ground conditions. On the US subprime crisis, for example, many of them appreciate the presumption of innocence that underpins subprime lending: lend freely to all and sundry, and then scatter the risks so widely across the financial sector through derivatives so that nobody bears a disproportionate burden of the occasional failures. This form of inclusive banking was not at fault. It was the vast value distortions of US macroeconomic policy. Let the financially aware not blame the innocent ?sub-class?.
?John Vikluto
Aid plank for Africa
In both trade & investment and economic aid, China is racing ahead of India in Africa. Hence, India has to integrate an aid plank with its ongoing ?soft? diplomatic engagement.
?M Unnikrishnan
