Rundgång i systemet

Idag har John Kay en artikel i FT om professor Robert Shiller med titeln Only market evengelist can reconcile Jekyll with Hyde. Om det låter bekant beror det på att jag redan 18 april la ut en grej om samme professor med titeln Dr. Shiller and Mr. Hyde. Läser John Kay nolle.se? Sannolikt inte. Oavsett vilket får han gärna sno hur mycket som helst. Idag på nationaldagen känner jag mig generös.

”Prof Shiller’s Mr Hyde can be reconciled with his Dr Jekyll only through an implausible faith in the power of markets. Ever since the days of alpine enclaves and wagers on the tides, insurance has been a mix of the socialisation of misfortune and the animal spirits of the professional gambler. But too often the speculative motive has tended to overwhelm the risk motive, and active markets have been a source of instability rather than security. As they were in the last financial crisis.”

Share

Speak Your Mind

*