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> "I strongly opposed deregulation of finance, in part because I understood that 'freeing' the financial sector would make us all less free in the end," Stiglit
by diegoholiveira 2y ago
> "I strongly opposed deregulation of finance, in part because I understood that 'freeing' the financial sector would make us all less free in the end," Stiglitz writes in his book.
LOL
> He blames financial deregulation for contributing to the 2008 financial crisis.
Some economists says that it happened due to regulation and monetary policy [1]
[1](https://mises.org/quarterly-journal-austrian-economics/subprime-crisis https://mises.org/quarterly-journal-austrian-economics/subpr...)
- sonicanatidae 2y agoIt happened almost entirely due to DEregulation. Some economists are idiots.
- chiefalchemist 2y agoAs if the Central Banks had nothing to do with it. Deregulation didn't help, but it was so much cheap and easy money that fed - no pun intended - that beast. It starts with the financial system. How can an award-winning economist not understand that?
- AnimalMuppet 2y agoRepealing Glass-Steagall definitely had something to do with 2008, because it allowed the same business to be both an investment and a retail bank.
- galaxyofdoom 2y ago[dead]