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Money Making Blind Spot. Why Economists Couldn’t See The Financial Crisis Before It Happened.

Money Making Blind Spot. One of the most disturbing elements of the current financial crisis is that so few people saw it coming. This is especially true of people who spend their entire lives studying economics and financial markets.

This is why a statement, such as the one by the former Chairman of the Federal Reserve, Alan Greenspan, is such an astonishing admission. In testimony before the House Oversight Committee in October 2008, Greenspan admitted that that he was shocked at the economic crisis. He never saw it coming,  Read more

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Tags: economics, economists. Alan Greenspan, finance, financial crisis, make money, make money insight, making money, money making, Niall Ferguson, Robert J. Samuelson

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