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Bill Black — Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis

Summary:
So how does Mankiw answer the question he raises in his first sentence: “What caused the financial crisis of 2008?” He does not answer it. He not even explain why he does not answer his own question. New Economic PerspectivesMankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”William K. Black | Associate Professor of Economics and Law, UMKC

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So how does Mankiw answer the question he raises in his first sentence: “What caused the financial crisis of 2008?” He does not answer it. He not even explain why he does not answer his own question.
New Economic Perspectives
Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”
William K. Black | Associate Professor of Economics and Law, UMKC
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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