MISPLACED FAITH THAT IMPERILLED THE GLOBAL ECONOMY
信心错置引发的危机


英国牛津大学名誉学者奥本海默:政策制定者们的两种表面上看起来对立的倾向,在很大程度上导致了此次manbetx20客户端下载 衰退。一种是过分相信市场,另一种则是过分相信自己。前者的代表人物是美联储前主席格林斯潘,而后者的代表人物则是英国首相布朗。

One is tempted to compare Mr Greenspan with Rudolf von Havenstein, the man in charge of the German Reichsbank during the 1923 hyperinflation. At the height of the crisis he promised to relieve the shortage of currency through the Reichsbank's new high-speed printing presses. But Mr Greenspan's failings, although extending to monetary policy, were mainly in financial sector regulation, where his instinct was to rescue delinquent institutions without disciplining them. For the same reason an analogy with Arthur Burns does not work. Burns was Richard Nixon's Fed chairman. In the aftermath of the 1971 dollar devaluation he pursued untrammelled monetary expansion to boost Nixon's re- election prospects, thereby helping to kindle the global inflation of the 1970s.

政策制定者们的两种表面上看起来对立的倾向,很大程度上导致了此次manbetx20客户端下载 衰退。一种是过分相信市场,另一种则是过分相信自己。前者的代表人物是美联储(Fed)前主席艾伦•格林斯潘(Alan Greenspan),而后者的代表人物则是英国首相戈登•布朗(Gordon Brown)。格林斯潘已羞愧地承认了这一点,而布朗还没有认错。他们的失误一定程度上可能是个体心理学方面的问题,但同时也有着系统和知识上的渊源。进行历史比较,有助于深入理解这些问题。

您已阅读18%(986字),剩余82%(4581字)包含更多重要信息,订阅以继续探索完整内容,并享受更多专属服务。
版权声明:本文版权归manbetx20客户端下载 所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。

相关文章

设置字号×
最小
较小
默认
较大
最大
分享×