To solve a problem requires not only knowing what to do, but also a willingness to change course if it turns out that one did not know quite as much as one thought. But the only true lesson of the 2008 financial crisis seems to be that its lessons will never truly be learned.
BERKELEY – To solve a problem, it is not enough to know what to do. You actually have to implement the solution – and be willing to change course if it turns out that you did not know quite as much as you thought. That is the message of two recent books that, together, tell you everything you need to know about the 2008 financial crisis: what caused it, what can be done to prevent it from recurring, and why those things have yet to be done.
BERKELEY – To solve a problem, it is not enough to know what to do. You actually have to implement the solution – and be willing to change course if it turns out that you did not know quite as much as you thought. That is the message of two recent books that, together, tell you everything you need to know about the 2008 financial crisis: what caused it, what can be done to prevent it from recurring, and why those things have yet to be done.