U.S. FINANCIAL CRISIS HAS GIVEN CAPITALISM BLACK EYE Every year the Milken Global Conference hosts a roundtable of Nobel laureates in economics, chaired by the financier Michael Milken. This year's discussion, held in Los Angeles April 29, includes Gary Becker (1992), Myron Scholes (1997), Michael Spence (2001) and Ed Phelps (2006). In this excerpt, the Nobel laureates discuss the depth of the U.S. financial crisis, its effect on the rest of the world and the commodity price rises for oil and food. By Gary Becker, Myron Scholes, Michael Spence and Ed Phelps Michael Milken: Almost 50 percent of the world's...