01 / uncertainty
I think there’s a lot of validity to that. It was obviously also a derivative — I don’t know if bubble is quite the right word — but there was a view — and I was at the IMF, as you know, Tyler, in 2007 — and we had a view that was completely wrong, that derivatives had spread the risk around the world.
“I think there’s a lot of validity to that. It was obviously also a derivative — I don’t know if bubble is quite the right word — but there was a view — and I was at the IMF, as you know, Tyler, in 2007 — and we had a view that was completely wrong, that derivatives had spread the risk around the world.”
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- Simon Johnson
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- Conversations with Tyler