Barry Eichengreen sur la crise financière

“Emphasising greed and corruption as causes of the crisis leads to a bleak prognosis. We are not going to change human nature. We can’t make investors less greedy or to prevent them from cutting corners when they see doing so as in their self interest. But emphasising policy decisions as the mechanism amplifying these problems into a threat to the entire financial system suggests a more optimistic outlook. Policy mistakes may not always be avoidable. Unintended consequences cannot always be prevented. But they at least can be corrected.”

Barry Eichengreen, Anatomy of the financial crisis, Vox

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