..Richard Koo Learned When He Went Undercover Into A Bank And Pretended To Be A Homebuyer
• http://www.businessinsider.com, Joe WeisenthalRichard Koo is the Nomura economist who is famous for his theory of the "balance sheet recession", the idea that busts like ours or Japan's are the result of the private sector deleveraging and need to be counteracted with aggressive fiscal policy.