The Myth of the Unexpected Crisis and Security by Tobias Straumann and Georg Seesslen

Many knew the rise of housing prices for years had to end some time or other..
Four theses explain why the Fed was not active during the real estate boom: power of lobbyists, market ideology, trust in abstract academic models and inflation targeting…
The only security guaranteed us…is that nothing will change, nothing in the basic hierarchy of power…

to read the translated articles by Tobias Straumann and Georg Seesslen, click on

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