Stephany Griffith-Jones, Jose Antonio Ocampo and Joseph E. Stiglitz (eds): Time for a visible hand-lessons from the 2008 world financial crisis

摘要

For decades after the Great Depression of the 1930s, the economic profession was at issue on its causes: did it came about by an unfortunate concurrence of various flaws and shocks, or was there one single systemic reason-and if so, which one? Finally, the debate seemed to have settled. The Federal Reserve failed by letting many banks go bankrupt, thereby allowing broad money to shrink substantially (of course, there was more than just one reason for this "decision").