So true

This week’s EconTalk podcast, with guest Anat Admati, is worth a listen. She explains, in an easy-to-understand way, how recklessness about risk contributed to the banking crisis. But, I especially appreciated this quote of her’s from near the end of the interview:

It is difficult to get a man to understand something when his salary depends upon his not understanding it.


Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s