Bill Black — Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis

So how does Mankiw answer the question he raises in his first sentence: “What caused the financial crisis of 2008?” He does not answer it. He not even explain why he does not answer his own question.

New Economic Perspectives
Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”
William K. Black | Associate Professor of Economics and Law, UMKC