Clip

The Role of Good Intentions and Bad Policy in Economic Crises
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48:45 - 49:23 (00:37)

The 08-09 crisis and the current situation in France raise the question of whether good intentions alone can lead to bad policy, and whether or not there is a penalty for such policies. The speaker supported most of the Dodd-Frank legislation, but acknowledges that there were multiple factors that contributed to the crisis, just as there are likely multiple factors at play in France's current economic situation.

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