Faculty News

Professor Paul Romer explains how the 2008 financial crisis has impacted investor behavior

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Excerpt from Bloomberg -- "'The expectation of another crisis may be part of why we see so much accumulation of liquid assets and so little investment in machines, infrastructure, the things that really raise the quality of life,' he said in an interview Friday in New York. 'You want to hold on to a lot of liquid assets so you don’t get forced to sell them off.'"

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