A Crisis?

Arnold Kling says he can't see it but most other experts see it differently. And Kling says it's probably wrong to doubt the majority this time.

My own decidedly unexpert opinion is that we likely aren't in a crisis now but we are close enough that the wrong policy decisions can take us into one.

In other words, Paulson, Frank, Dodds, Bernanke et al can do a lot more harm than good. Unfortunately, I think they are also more likely to make the wrong choices than the right ones.