Oops. I forgot to link to this Q&A with University of Chicago economist Raghuram Rajan on Time.com when it went up. Here is it now.
Rajan made a big splash at Jackson Hole back in 2005 when he stood up in front of a room full of prominent economic policy makers and gave a speech about all the risk that was building up in the financial system. He said we could be headed for real problems. The crowd scoffed. But of course he was entirely right.
Rajan now has a new book out in which he argues that in the post-crisis clean-up we’re failing to understand many of the underlying dynamics that led to collapse—and that as a consequence the global economy is still under threat. You can read more here.