Still no consensus or major reform after global financial crisis

The Washington Post – I attended a conference at Columbia University earlier this week that wound up focusing on how the mainstream business press contributed to the recent economic crisis with fawning, uncritical coverage of the financial sector that ignored the evidence of abusive lending and bought into the myth that unregulated markets are more innovative and self-correcting.

It’s a common view these days, particularly on the Internet, and although it’s a bit overdone, I’ll admit there is a dollop of truth in it.

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