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Tuesday, September 15, 2009

Kling on crisis causes

Recommended reading: "Not What They Had in Mind: A History of Policies that Produced the Financial Crisis of 2008," by Arnold Kling. Anyone thinking the crisis boils down to some simple cause or two, or that it can aptly be blamed either on "government" or "the market" to the exclusion of the other, should read this fascinating paper.

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