FROM CREATIVE ACCOUNTING TO THE MORAL AND FINANCIAL CRISIS

The economic activity allows by its nature to accumulate macroeconomic tensions that must be released at a given time through a crisis. Many sought in the history of tens and hundreds of years of economic thinking, way of avoiding the crises, but one notice that there are no solutions to prevent them all, because nobody can know which will be the next triggering factor of a crisis. One may think about preventing any crisis, but that would restrict all areas of economic activity. This is out of the question! We would get to that old problem of the link between profitability and risk. The maximum prudence in investments, for example, and the avoidance of any crises to affect personal savings, would oblige the whole population to keep the money "under the mattress", but this is not realistic.