# Prof. Paul Romer says financial crises are inevitable

1 Faculty News March 10, 2012 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](http://www.nytimes.com/2011/03/11/business/economy/11norris.html?pagewanted=all) -- "'Every decade or so,' said [Paul Romer](http://w4.stern.nyu.edu/faculty/bio/paul-romer) ... 'any finite system of financial regulation will lead to systemic financial crisis.'"

[Read more](http://www.nytimes.com/2011/03/11/business/economy/11norris.html?pagewanted=all)