As the country picks itself up from its latest financial spill, it’s vital to consider the assumptions that led people to act the way they did, and to update those assumptions as we move forward.
Here Yale professor Robert Shiller examines the idea that markets “know,” like some omnipotent being, and therefore can never be wrong. [...]
from the people who brought you the very understandable, entertaining and comprehensive explanation of the housing and financial crises comes this look at the ones who were supposed to be watching the banks and insurers to make sure they weren’t doing what it turned out they were doing, en masse.
in this latest installment, we hear from the regulatory agencies [...]
I’ve been sending this link out to anyone who tells me they don’t understand what’s going on in the economy right now, so I thought i’d post here.
also, planet money’s adam davidson had an interview with treasury secretary tim geithner Wednesday. in it, he posed some of the same questions raised in the [...]
