Another such example that rational self-interest is an invalid assumption: > Mr Greenspan admitted that his view of the world had been flawed. > Self-regulati

Another such example that rational self-interest is an invalid assumption: > Mr Greenspan admitted that his view of the world had been flawed. > Self-regulation by Wall Street had failed, he said. "Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity – myself especially – are in a state of shocked disbelief." > And he went on: "I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." https://www.independent.co.uk/news/business/news/greenspan-says-crisis-left-him-in-shocked-disbelief-971609.html https://www.independent.co.uk/news/business/news/greenspan-s...