The Flaw, inequality and the financial meltdown

Marie Duggan asked me about econ films the other day. Regarding the 2008 crisis Inside Job remains essential, but another documentary about the causes of the financial crisis, The Flaw directed by David Sington, is also worth watching. Around minute 22 you can see Louis Hyman (the short clip here is the initial part of that segment), Robert Wade and Robert Frank suggest that inequality was at the heart of the crisis. You can watch the whole thing on Youtube (for a fee) or on Hulu (with adds).

PS: An anonymous reader reminded me of Inequality for All by Robert Reich linked before here.

Wall Street and the mainstream

Just posted on Blanchard and the role of the IMF in understanding and acting on what it learned after the crisis. I was reminded of that great documentary Inside Job.

And there lies the problem. Institutions are in place to maintain the 'right' kind of learning.

Inside job!

There will be a screening of Inside Job at the Hinckley Caucus Room in Orson Spencer Hall (OSH Rm 255) Wednesday at 1:30.