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Whatever the merits of these policies, the "Washington consensus", as he called it, proved badly named.
Although elegant in theory, it proved badly flawed in practice: the crisis revealed that banks and their overseers had vastly underestimated the risks that had built up in the financial system.Leverage is a simpler, if cruder, measure of banks' riskiness and is meant to provide a backstop to more sophisticated risk-weighting measures.
Taking lessons from Tsushima, and influenced by Cuniberti, they ended up more closely resembling slower versions of Fisher's battlecruisers than Dreadnought, and they proved badly flawed due to their smaller guns and thinner armour when compared with contemporary dreadnoughts.
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This unusual enterprise may prove badly needed for the millions of people who use the health insurance exchanges to buy coverage and apply for financial assistance, and the millions more who could be.
The campaign, as it proved, was badly organized: This was Jones' first national campaign, and the party structure in many states was either only newly in the control of silver forces, or in gold states wanted no part of the national ticket.
Mali's armed forces will prove too badly equipped, and too poorly motivated, to retake lost land.
"They let us prove how badly we want things".
"We don't want a chief executive who wants to prove himself badly, or someone who is overly aggressive".
As a professor at Princeton University, then a Fed governor under Mr Greenspan and briefly an adviser to George Bush, he helped build the edifice of macroeconomic orthodoxy that has proven so badly flawed.
There are too many dead bodies lying around to prove how badly that strategy works.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com