Excerpt:
...all of the rest were made to look like buffoons when they tried to
explain how something so destructive could not be foreseen. Spokesmen
for the Bush administration and then the Obama administration all seized
on the mantra that it is impossible to predict this type of economic
catastrophe. "Nobody saw it coming," they said.
But this is not true. A few did, indeed, see it coming...
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Tuesday, July 22, 2014
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