Consumer Law

Judge Posner Blames Himself, Among Others, for Economic Crisis

By Brian Wolfman

This article explains that champion of deregulation Judge Richard Posner blames himself, among others such as Alan Greenspan, for the current economic crisis. He says that although deregulation is good for virtually every sector of the economy, he failed to appreciate that it is not good for the banking sector. Judge Posner's views are expressed in detail in his new book, "A Failure of Capitalism: The Crisis of '08 and the Descent Into Depression."  He has also written some interesting posts on the economic situation and the crisis of the modern conservative movement on the Becker-Posner Blog, and he is updating his book on the economic crisis in regular commentary on TheAtlantic.com called "A Failure of Capitalism."

Full post as published by CL&P Blog on May 15, 2009 (boomark / email).