Academic economists lent public trust to the TARP that Wall Street economists could not

Evidence

The fact they were academic economists was significant. Swagel noted that Wall Street economists were also in favor of the TARP, but acknowledged that people would be suspicious of their judgments. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 2276

Categorization

• XREF: Relates to the ‘thought collective’ theme — credentialed academic authority as a legitimation channel distinct from industry self-interest. — connects to: The economist career conveyor belt into finance undermined the pretense of independent expertise — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 581

Broader Connections

• The economist career conveyor belt into finance undermined the pretense of independent expertise #complicates (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 581