Implode-o-Meter News - Bill Black: "Romney's Lead Economist Urges Policies that will Cause the Next Financial Crisis"

Mankiw's response to the findings that CEOs were looting their shareholders was to praise the rationality of the fraudulent CEOs (if you don't loot you aren't moral -- you're insane). One cannot compete with theoclassical economists' unintentional self-parody.
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We know objectively that Mankiw, Bush, and Romney do not actually favor competition in financial regulation -- for none of them opposed the OCC and OTS' scorched earth campaign to preempt state efforts to regulate predatory lending and seek to reduce mortgage fraud.

Relevant:

Bill Black: "Romney's Lead Economist Urges Policies that will Cause the Next Financial Crisis"