We expect our political leaders to manage the level of economic activity by employing fiscal and monetary tools such as interest rates, tax incentives and stimulus packages to avoid recessions. However, in the aftermath of the bursting of the largest bubble in history, in the property market as well as other markets, we see that a social-psychological phenomenon, over-confidence, was not managed by leaders, and its subsequent collapse represents the deepest cause of the financial crisis.
我们期望，我们的政治领导人会利用利率、税收优惠以及manbetx20客户端下载 刺激计划等财政和货币工具来管理manbetx20客户端下载 活动水平，从而避免manbetx20客户端下载 衰退。然而，在史上最大的泡沫破裂之后，我们看到，房地产及其它市场上的一个社会心理学现象——过度自信没有得到领导人的妥善管理，而其随后的崩塌正是金融危机的最深层次致因。
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