Simon Johnson has become one of the most active public economists since the global economic crisis. Professor of economics at MIT, a member of the Panel of Economic Advisers for the Congressional Budget Office, former chief economist for the IMF--Johnson's has a long list of credentials to back his writing at Calculated Risk and elsewhere. And he has been sounding warning about the fragility of the financial sector post-crisis.
In his speech at the Roosevelt Institute's Make Markets Be Markets conference, Johnson implored the audience to recognize the difference between a downward slide caused by "a series of unfortunate events," and a "loop" caused by systemic changes:
Simon Johnson on the Doom Cycle (MMBM) from Roosevelt Institute on Vimeo.
Posted
03-15-2010 7:35 AM
by
Graham Griffith
Filed under: Regulation, monetary policy, finance, IMF, global economic crisis, congressional budget office, simon johnson, mit, roots of the crisis, free market economics, Roosevelt Institute, Make Markets Be Markets, doom cycle, deregulation