I am reading Freefall by joesph stiglitz and am doing a book review.
Any economist worth his weight would know stiglitz is a self-proclaimed keynesian [big regulation, big gov't expenditure, etc etc].
He makes some valid points on what should have happened and respectfully he called this recession a long time ago (shortly after 2006 and also when bernanke ignored reports of the insane sub prime mortgage market).
I don't think more regulation would have fixed this problem, we just needed efficient regulation.
This recession was truly everyone's fault. The fed, the gov't, the banks, the regulators, and mostly us, the consumers.
Curious to see what Libertarians would have done.
Any economist worth his weight would know stiglitz is a self-proclaimed keynesian [big regulation, big gov't expenditure, etc etc].
He makes some valid points on what should have happened and respectfully he called this recession a long time ago (shortly after 2006 and also when bernanke ignored reports of the insane sub prime mortgage market).
I don't think more regulation would have fixed this problem, we just needed efficient regulation.
This recession was truly everyone's fault. The fed, the gov't, the banks, the regulators, and mostly us, the consumers.
Curious to see what Libertarians would have done.