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Arnold Kling


Arnold Kling is an economist who worked at the Federal Reserve and at Freddie Mac in the 1980s and 1990s. He writes for EconLog ( and is the author of Unchecked and Unbalanced: How the Discrepancy between Knowledge and Power Caused the Financial Crisis and Threatens Democracy (Hoover Studies in Politics, Economics, and Society, published by Rowman and Littlefield), from which this piece is adapted.

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The Root of the Financial Crisis

by Arnold Klingvia Policy Review
Tuesday, December 1, 2009

A dearth of knowledge at the nexus of decisions