Economia
Ele indica também cinco livros para entender estas crises. Vale ainda a pena mencionar duas passagens de sua entrevista:
So what else should I be reading on the Great Depression?
There’s Ben Bernanke’s research in the 1980s – that’s probably his most important contribution in terms of macroeconomics and financial economics.
Yes, I saw the Dow Jones Newswires quote on Bernanke’s book, Essays on the Great Depression, which made me laugh: “With some observers saying that the ongoing financial crisis could be the worst since the Great Depression, the greatest living expert on that period is getting the chance to apply its economic lessons.”
Well Bernanke was thinking that way in April 2008. I remember talking to him at the time, just after the Bear Stearns initial intervention. I got a chance to ask him a question about why they were so aggressive at that time when things didn’t look so bad. And his response was that basically he was worrying about a Depression-type scenario – and trying to act early to nip that in the bud.
So are you not a fan of what Obama is doing?
I think the stimulus package was very stupid; it was awful. It’s just a tremendous waste of money and it’s going to cause some trouble in terms of a bigger public debt; it’s just wasting resources. But the more important thing is the financial system, and the housing related aspects. So on that, despite a lot of floundering around, mostly I think what they were doing is in the right direction. I think they made a big mistake by not bailing out Lehman Brothers – I think they recognized that two days later. That was Paulson’s individual fault and responsibility from what I can gather.
- Depressão
"Studying the experience of countries that have experienced great depressions during the twentieth century teaches us that massive public interventions in the economy to maintain employment and investment during a financial crisis can, if they distort...
- Política Monetária Durante A Grande Depressão E Hoje - Uma Comparação
Liber8 Brought to You by the Research Library of the Federal Reserve Bank of St. Louis ® Economic Information Newsletter The views expressed are those of the author and do not necessarily reflect the official positions of the Federal Reserve Bank...
- A Grande Depressão
Paul Johnson: "... The Wall Street collapse of September–October 1929 and the Great Depression which followed it were among the most important events of the 20th century. They made the Second World War possible, though not inevitable, and by undermining...
- Novo Libro Sobre A Grande Depressão
The Politically Incorrect Guide to the Great Depression and the New Deal. By Robert P. Murphy. Regnery, 2009. 199 pages. Robert Murphy demonstrates in this excellent book a penetrating ability to explain the essence of fallacious economic doctrines....
- Data Show Sobre A Crise Financeira
House of Cards - Origins of the Financial Crisis ''Then and Now'' "Let's hope we are all wealthy and retired by the time this house of cards falters." --Internal email, Wall Street, 12/15/06 Prophetic words that predicted the greatest...
Economia
Robert Barro Comenta a Grande Depressão e a Crise Financeira Recente
Ele indica também cinco livros para entender estas crises. Vale ainda a pena mencionar duas passagens de sua entrevista:
So what else should I be reading on the Great Depression?
There’s Ben Bernanke’s research in the 1980s – that’s probably his most important contribution in terms of macroeconomics and financial economics.
Yes, I saw the Dow Jones Newswires quote on Bernanke’s book, Essays on the Great Depression, which made me laugh: “With some observers saying that the ongoing financial crisis could be the worst since the Great Depression, the greatest living expert on that period is getting the chance to apply its economic lessons.”
Well Bernanke was thinking that way in April 2008. I remember talking to him at the time, just after the Bear Stearns initial intervention. I got a chance to ask him a question about why they were so aggressive at that time when things didn’t look so bad. And his response was that basically he was worrying about a Depression-type scenario – and trying to act early to nip that in the bud.
So are you not a fan of what Obama is doing?
I think the stimulus package was very stupid; it was awful. It’s just a tremendous waste of money and it’s going to cause some trouble in terms of a bigger public debt; it’s just wasting resources. But the more important thing is the financial system, and the housing related aspects. So on that, despite a lot of floundering around, mostly I think what they were doing is in the right direction. I think they made a big mistake by not bailing out Lehman Brothers – I think they recognized that two days later. That was Paulson’s individual fault and responsibility from what I can gather.
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- Depressão
"Studying the experience of countries that have experienced great depressions during the twentieth century teaches us that massive public interventions in the economy to maintain employment and investment during a financial crisis can, if they distort...
- Política Monetária Durante A Grande Depressão E Hoje - Uma Comparação
Liber8 Brought to You by the Research Library of the Federal Reserve Bank of St. Louis ® Economic Information Newsletter The views expressed are those of the author and do not necessarily reflect the official positions of the Federal Reserve Bank...
- A Grande Depressão
Paul Johnson: "... The Wall Street collapse of September–October 1929 and the Great Depression which followed it were among the most important events of the 20th century. They made the Second World War possible, though not inevitable, and by undermining...
- Novo Libro Sobre A Grande Depressão
The Politically Incorrect Guide to the Great Depression and the New Deal. By Robert P. Murphy. Regnery, 2009. 199 pages. Robert Murphy demonstrates in this excellent book a penetrating ability to explain the essence of fallacious economic doctrines....
- Data Show Sobre A Crise Financeira
House of Cards - Origins of the Financial Crisis ''Then and Now'' "Let's hope we are all wealthy and retired by the time this house of cards falters." --Internal email, Wall Street, 12/15/06 Prophetic words that predicted the greatest...