The 10 worst policy mistakes of all time?

ECONOMICS

Economists name and shame the central banks responsible for some of the gravest policy errors ever made.

Last week the Bank of England's Governor Mervyn King admitted more could have been done ahead of the crisis in 2008 to warn investors of the risks banks were taking. He added the crisis was the "biggest challenge in decades" and he should have "shouted from the rooftops" about the risks. "A system had been built in which banks were too important to fail, that banks had grown too quickly and borrowed too much, and that so-called 'light-touch' regulation had not prevented any of this," he said. Although many will agree mistakes were made by the UK's central bank (and other bodies) du...