Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.

Andre Gide


Wednesday, July 31, 2013

Selgin on Gorton

I learned a lot about financial crises from Gary Gorton's work in the area. His views on what went wrong during the recent crisis and what might be done to prevent similar events are views that should be taken seriously. Seriously, that is, but not uncritically. And this is where George Selgin provides a useful service: see Misunderstanding Financial History