A Dedicated User of the Harvard-Goldman Filter
By Arnold Kling
The latest edition of What Went Wrong is up. This is a series of video Q&A’s with various experts on the financial crisis. So far, I have been generally disappointed. In the recent episodes, Glenn Hubbard says nothing shocking. Bill George is more interesting, just because he says so many things that go against my world view. He is a classic believer in the Harvard-Goldman filter. In their world, when leaders mess up, you need better leaders. You certainly do not question the distribution of power that allows a few leaders to make mistakes that massively affect the rest of us.