Economist Robert Shiller delivers the first annual Beattie Family Lecture in Business Law at the Faculty of Law at The University of Western Ontario on March 27, 2009. Prof. Shiller spoke on "Animal Spirits: How Human Psychology caused the Current Economic Crisis".
"The job of the central banks is to stabalize the economy" does'nt mean that they actually stabalize the economy! It appears they can make us think the economy is stable while causing residual consequential problems ie. inflation or over investment (excessive rise housing prices).
perseverance8 2 years ago