Tuesday, September 30, 2008

 

Smart Asian Boys and Smart Boys with Accents

Obviously, I'm partial to the type. I particularly like the first speaker and the Asian guy who starts talking around 23 (who it turns out is an economist at MIT). He makes the point that the mess we are in has a relationship to the dot com era. I also like his point that we, as Americans, have assumed that we have been insulated "against risk."



A few invoke the financial disasters of Japan in the 90s. Krugman says: "Financial crises always end with a big government bailout."

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