Did the world learn from the global financial crisis?

By John Hewson
Updated July 2 2021 - 1:28am, first published September 13 2018 - 7:00pm
CONCERN: House prices here are beginning to fall. Banks are also starting to raise their mortgage and other interest rates.
CONCERN: House prices here are beginning to fall. Banks are also starting to raise their mortgage and other interest rates.

It is now 10 years since the global financial crisis of September 2008 that precipitated a significant recession in many developed countries. It seems reasonable to ask what, if anything, have we learned from this experience?

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