Virginia
Related: About this forumDavid Brat on What Caused the Financial Crisis
I usually put the economic stuff in the Economy forum, but this is a Virginia thing all the way.
Wait - "a lack of regulation?" What?
David Brat on What Caused the Financial Crisis
12:09 pm ET Jun 12, 2014 Global
By Nick Timiraos
Bad investment decisions, a lack of regulation, major shocks to the economy and historically low interest rates were primary causes of the 2008 financial crisis, according to a paper co-authored by David Brat that was presented at a conference in 2009.
Mr. Brat, the Virginia Republican who defeated House Majority Leader Eric Cantor (R., Va.) on Tuesday, is an economics professor at Randolph Macon College in Ashland, Va. As others have noted, much of his writings wed studies of market economics with Christianity and Protestant ethics.
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I'd compose a hymn, "Onward, Christian Economists," but I can't find anything that rhymes with "economists."
I need to add that I took some Economic courses from a fellow who is an Evangelical. He never made anyone uncomfortable about it that I know of, and he was a great instructor. He is still active, even after ... well, a few years. He and one of his colleagues, who died not so long ago and was one of the Chosen People, co-authored a series of books.
nykym
(3,063 posts)How about terrorists
mahatmakanejeeves
(57,670 posts)"Onward, Christian economists.
You remind me of Bosch, Hieronymus."
Okay, it needs some work.
yourout
(7,534 posts)Not sure how low interest rates would cause a financial crisis other than big money types being more willing to play Russian roulette with their money.
dem in texas
(2,674 posts)allowed wall street to turn into a gambling den and as they say "main street" bore the brunt of the collapse while the hedge funders and bankers counted all their money while the tax payers rescued them from their follies. Now the same thing is happening again. When will we learn.
yourout
(7,534 posts)growth here in the US.
Much steeper tax rates at the top with credits and other incentives to grow and hire here in the USA would get us back on our feet in a hurry.
jmowreader
(50,567 posts)A purported Economics Professor who ignores the role derivatives played in the financial crisis needs not to be infecting the minds of impressionable youth.
locks
(2,012 posts)were clearly communists. lol