tag:blogger.com,1999:blog-5055149.post7725980753855375752..comments2023-09-22T19:03:10.319+09:00Comments on Systemic musings: Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5055149.post-56757939718336343812008-12-18T21:30:00.000+09:002008-12-18T21:30:00.000+09:00I think it odd to blame "economics" for the financ...I think it odd to blame "economics" for the financial crisis. By all means blame (to some extent)those whose theories have undermined the legitimacy of regulation. But the immorality of those who sell loans to people who can't repay them,or rate financial instruments AAA so there is more money in their pockets, can't simply be blamed on economists. As much as anything,the crisis illustrates how limited are the public policy levers we have available for dealing with the age old problems of market boom and bust.Anonymousnoreply@blogger.com