So, who, or what, is to blame? Why, 15 years after the start of the last financial crisis, might we be seeing that of another? For many, it is the fault of a long period of ultra-low interest rates imposed by central banks. For others, the cult of the bailout is at fault. We do not need to look far to find the intellectual origins of such views. They lie in Austrian economics. As Brad DeLong puts it in his excellent book, Slouching Towards Utopia, the view is that “the market giveth, the market taketh away; blessed be the name of the market”. The Austrians are not altogether wrong. They are not altogether right either.
那么,该怪谁,或者该怪什么呢?为什么在上一场金融危机爆发15年后,我们可能会看到另一场金融危机爆发?在许多人看来,这是央行长期实行超低利率的错。另一些人认为,是盲目迷信纾困的错。我们无需费力就能找到这些观点的思想渊源。它们存在于奥地利manbetx20客户端下载 学派中。正如布拉德•德隆(Brad DeLong)在他的优秀著作《无精打采地走向乌托邦》(Slouching Towards Utopia)中所写的那样,这种观点是“市场赏赐,市场收回;愿市场之名被称颂。”奥地利人的观点并非完全错误。他们也不完全正确。