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Well, this seems useful. How about 25 policies to blame for the financial crisis? Or maybe 25 ways to prevent another similar crisis in the future? Or maybe
by mdasen 18y ago
Well, this seems useful. How about 25 policies to blame for the financial crisis? Or maybe 25 ways to prevent another similar crisis in the future? Or maybe 25 ways to alleviate the current crisis?
Blaming people just seems petty and unhelpful - especially since macroeconomics is still half voodoo. Macro is hard. You have studies, but there are always too many variables to make them very scientific. The studies aren't plentiful since it's a relatively new field of study and one where it can take a decade of collecting data to create a study of one thing. And beyond that implementing public policy can be a ridiculous thing since so many parties wish to bend at least a part of it.
Blame might make people feel a bit better having gotten their vengeance in a public outcry against those who possibly didn't do wrong, but it doesn't help us.