Claims that cocaine caused the credit crisis are being seized upon with glee by the national media, who should – but never do – know better when it comes to lazy stereotyping of the Square Mile. Discreditedformer drugs tsar David Nutt propagated an asinine theory in the Sunday Times this weekend, asserting that bankers’ cocaine use made them ‘overconfident’ and led to more risk-taking, as though were it not for the drug, the global economy would be as buoyant and bullish as ever.
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Did you know that the banking crisis was caused by too many workers taking cocaine?
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