Comment on Why No JobsparentComments−eru16yThose market actors also only have limited rationality (and not perfect foresight), and skewed incentives (-> principal agent problems).That needn't hinder one from constructing a conspiracy theory, though.−scotty7916yI don't think that this is a conspiracy theory. Just observation (fairly obvious, although I am not sure if right in that case) that selfishness can sometimes lead to actions that harm economy and the people.Greed is (not always) good.−eru16yI agree. Though I would be cautious stating that someone wanted a recession _and_ effected [sic] it.
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Those market actors also only have limited rationality (and not perfect foresight), and skewed incentives (-> principal agent problems).
That needn't hinder one from constructing a conspiracy theory, though.
I don't think that this is a conspiracy theory. Just observation (fairly obvious, although I am not sure if right in that case) that selfishness can sometimes lead to actions that harm economy and the people.
Greed is (not always) good.
I agree. Though I would be cautious stating that someone wanted a recession _and_ effected [sic] it.