On: Why No Jobs

[eru]

Those market actors also only have limited rationality (and not perfect foresight), and skewed incentives (-> principal agent problems).

That needn't hinder one from constructing a conspiracy theory, though.

[scotty79 → eru]

I don't think that this is a conspiracy theory. Just observation (fairly obvious, although I am not sure if right in that case) that selfishness can sometimes lead to actions that harm economy and the people.

Greed is (not always) good.

[eru → scotty79]

I agree. Though I would be cautious stating that someone wanted a recession _and_ effected [sic] it.