It turns out that the collapse of the global economy was not caused by clueless economists or Gaussian copula functions or even big-headed quants. No, the blame for the financial Armageddon can be laid at the feet of a... political scientist. Well, sort of anyway.
So quick! Everybody get the torches and pitchforks! And after we've grown tired of blaming this guy for everything, I propose we blame Canada. It's always worked before.
(ht: Dani Rodrik)
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