Firefighter arson is a serious problem. The U.S. Fire Administration, part of Homeland Security, concluded in 2003, “A very small percentage of otherwise trustworthy firefighters cause the very flames they are dispatched to put out” (p.1). Illustrative and shocking anecdotes are on pp. 9-15 of that report, as well as here and here.
Macroeconomic policy making now has a similar issue to confront. Continue reading “Firefighter Arson And Our Macroeconomic Policymakers”