There's kind of a weird double-think involved in arguments that the slump should be allowed to follow its natural course. It's true that classical economics says that we should let market forces do their work; but classical economics also says that severe recessions can't happen. This idea that we must not intervene is based on a worldview that is refuted by the very fact that the economy is in the mess it's in.
Why We Do What We Do - Why do you write about investing, behavioral economics, regulations, Wall Street? Why do you think this is important for money managers to publish? T...
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