William White - Anatomy of Crisis: Economic Theory, Politics and Policy

[amaclaren23]

More than a year has passed since this address, and guess what, nothing has changed, its all the same policies and imbalances (except the current impasse in the US debt ceiling negotiations, which, if it becomes a Kick-the-Can, nothing will have changed.) Especially when one looks at the current crisis in Europe, vis-a-vis the PIIGS and the ECB approaches, harbingers of The Next Crisis.

[DavidAKZ]

Intellectual timing late by 10 (?) years ?

[jackp027]

Scroll to 3:38 for White's retelling of how Larry Summers encapsulated the fundamental problem of forecasting facing us today.