Files under General | May
14th
The Wharton Web site reports:
“There is a long list of professions that failed to see the financial crisis brewing. Wall Street bankers and deal-makers top it, but banking regulators are on it as well, along with the Federal Reserve. Politicians and journalists have shared the blame, as have mortgage lenders and even real estate agents.
But what about economists? Of all the experts, weren’t they the best equipped to see around the corners and warn of impending disaster?”
Read here the full analysis.
If the economists’ education needs a dramatic revamp, what about us, the cheerleader-journalists that didn’t see our own crisis?
Cartoon by Michael Ramirez