Thursday, June 12, 2014

The System Never Fails, It Can Only Be Failed

http://www.vox.com/2014/6/12/5801206/dan-drezner-interview-the-system-worked

An interesting take on how the international financial system actually worked as it should in 2008.

Interestingly, the author does admit that Europe screwed up by embracing austerity - presumably he agrees that austerity in the US after 2010 was also a bad idea.  The author is also sanguine about climate change, which is... nice.

On a side note, Vox is my new favorite thing.

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