The leader we need
The latest news in the financial crisis is that, after weeks of blame-calling by all parties — generally misdirected, as Dennis Sewell argues in our cover story — a single culprit has at last been identified. It is human nature — that incorrigible force which makes us want too much of a good thing when it is within easy reach, and makes us dangerously complacent about risk when the going is good. It was human nature that made bankers behave irresponsibly when their judgment was warped by the temptation of giant bonuses; it made homebuyers and credit-card holders overreach themselves when they were offered too much cheap credit; it made