John Cassidy, staff writer for the New Yorker, argues discredited policies from the man who brought you "irrational exuberance" prompt a financial group think in which it's more risky for executives at investment banks to sit out a speculative bubble than to dive in.
Audio: BBC, PRI & WBUR's Here & Now. Host: Robin Young.
Read Cassidy's article on "Rational Irrationality" at the New Yorker
Wednesday, October 7, 2009
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