I remember asking my grandfather what he’d done in the Second World War and his answer held me spellbound.

Whether tales of the financial crisis of 2007-2008 that more or less kicked off ten years ago today will similarly capture children’s imagination in years to come seems unlikely, even though its lessons are arguably not too much less significant for future generations.

Why? Because failing to learn the lessons of the past bodes ill for an ever more integrated global financial system and world economy, and that means his, your, my – our wealth and prosperity. Continue reading →