What Arnold Kling thinks about economists
Economist, formerly of the Federal Reserve Board and Freddie Mac, and one of the original EconLog bloggers. He writes about macroeconomics, housing finance and the limits of economic modelling, and has published his own post-mortems on what he failed to see before the 2008 financial crisis.
Arnold Kling did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
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2 dated positions, 2006 to 2008, in their own words. Our reading of what Arnold Kling has said — not written or endorsed by them.
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Our reading · no longer heldWarnings of an imminent US recession in 2006 are partisan gloom rather than a real signal about the economy.
No longer holdsI will add that I was definitely not expecting Freddie Mac and Fannie Mae to have ventured so far away from the idea of investment-quality mortgages that they had enough exposure in subprime loans to wipe out their capital.
SaidDid I fail to foresee the financial crisis? Absolutely.
- 2 years earlier
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Their wordsFor these pundits, the most dismal indicator is that we have a Republican Administration. They have been gloomy for six years now.