Author Topic: An unusually smart economist  (Read 298 times)

evensgrey

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An unusually smart economist
« on: February 04, 2018, 10:08:38 AM »
I just ran across this this morning, although it's been floating around for a few years.


This guy has an interesting take on the recent financial crisis, and blames the spread from a modest problem with some bad mortgages (and how TARP definitely didn't help and things got substantially worse after it was put in place) to a near-collapse of the whole system on one specific, dangerous accounting rule that can result in momentary events flipping good debts bad and sticking the effects on the bad side when the momentary event passes.

Wenessanut

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Re: An unusually smart economist
« Reply #1 on: February 13, 2018, 03:13:44 AM »
Thanks for the video link. I really like It's very useful to me.