So, who, or what, is to blame? Why, 15 years after the start of the last financial crisis, might we be seeing that of another? For many, it is the fault of a long period of ultra-low interest rates imposed by central banks. For others, the cult of the bailout is at fault. We do not need to look far to find the intellectual origins of such views. They lie in Austrian economics. As Brad DeLong puts it in his excellent book, Slouching Towards Utopia, the view is that “the market giveth, the market taketh away; blessed be the name of the market”. The Austrians are not altogether wrong. They are not altogether right either.
那么，該怪誰，或者該怪什么呢？為什么在上一場金融危機爆發15年后，我們可能會看到另一場金融危機爆發？在許多人看來，這是央行長期實行超低利率的錯。另一些人認為，是盲目迷信紓困的錯。我們無需費力就能找到這些觀點的思想淵源。它們存在于奧地利經濟學派中。正如布拉德?德隆(Brad DeLong)在他的優秀著作《無精打采地走向烏托邦》(Slouching Towards Utopia)中所寫的那樣，這種觀點是“市場賞賜，市場收回；愿市場之名被稱頌。”奧地利人的觀點并非完全錯誤。他們也不完全正確。