I wasn't quite sure how to interpret this part of that article, but I think Professor Eichengreen later explains that his traditional answer ("it can't happen again") is no longer true.
"We can be confident, I always answered, that there will not be another Great Depression because policymakers have read financial histories like mine. At least that was my line until recently. Now I have stopped taking reporters' calls."
While he could mean that he's now getting so many requests that he can't be bothered to return them any more, I wonder if instead he meant that he can no longer give the "it can't happen again" message. Lending credence to this interpretation I think, he goes on to point out the ways in which the problem could continue to worsen without drastic action.
"We can be confident, I always answered, that there will not be another Great Depression because policymakers have read financial histories like mine. At least that was my line until recently. Now I have stopped taking reporters' calls."
While he could mean that he's now getting so many requests that he can't be bothered to return them any more, I wonder if instead he meant that he can no longer give the "it can't happen again" message. Lending credence to this interpretation I think, he goes on to point out the ways in which the problem could continue to worsen without drastic action.