検索キーワード： "Keith McCarthy" イデオロギー・信条

Behind every financial crisis lurks a "political bubble" - policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles - arising from a potent combination of beliefs, institutions, and interests - aid, abet, and amplify risk.

In 1947, the Cold War came to Hollywood. Over nine tumultuous days in October, the House Un-American Activities Committee held a notorious round of hearings into alleged Communist subversion in the movie industry. The blowback was profound: the major studios pledged to never again employ a known Communist or unrepentant fellow traveler. The declaration marked the onset of the blacklist era, a time when political allegiances, real or suspected, determined employment opportunities in the entertainment industry. Hundreds of artists were shown the dooror had it shut in their faces.