Thursday, September 3, 2009

Samuelson vs Merton on the financial crisis



I thought this was pretty funny, considering the massive difference in opinion. I particularly liked Samuelson's take when he says something to the effect of... "people compare it to the great depression, but the Wallstreet shenanigans this time are much worse.... fiendish Frankenstein monsters of financial engineering had been created, alot of them at MIT some of them by people like me.."

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