Quote 07 from Swonk’s “The Passionate Economist”

Here’s Diane Swonk in The Passionate Economist: Finding the Power and Humanity Behind the Numbers:

Separately, there is the collapse in confidence in Wall Street analysts, who are not economists but often talk about the economy on television and in their analyses. This has not only undermined the credibility of their profession but, I believe, put an unfair tarnish on my own. [pg. 215]

In case you didn’t notice, these were the people in charge during 2008.

This wraps up my quotes from this book. Remember that catchy idea: surplus dissipation.

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