MIT Sloan Management Review

Harvard’s Martin Feldstein and MIT’s Simon Johnson offer insights on the economy and the banking system.

“Highly skilled labor should be reallocated away from the financial industry towards more innovative sectors” of the economy, writes MIT economist Daron Acemoglu in a new essay.

Maybe it was a case of the "not-invented-here" syndrome — the common phenomenon where organizations aren't open to innovations or ideas they didn't come up with — in Washington.  Or maybe it was just the pressure of time.