Economists as Enablers

Russ Roberts of Cafe Hayek has some observations on the challenges of financial reform:

Over the last 15 months, average Americans have sent hundreds of billions of dollars to some of the richest people in human history. The better the citizenry understands this reality, the better chance the political incentives will change. If people don’t understand it, the political incentives are going to stay in place. Economists play an important role in how people perceive what has happened. We should stop being the enablers of such obscene transfers of wealth.