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And we didn't learn this in the 1930's because...?

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Wed Aug 17th, 2011 at 02:08:34 AM EST
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People learn many things. For example, how to induce market bubbles and profit from them. How to corrupt other smart people, media and governments. How to wait a couple of generations, and then falsify history lessons.

I wonder, did Roubini recently got a new insight for himself, or he coolly though like this all along?

by das monde on Wed Aug 17th, 2011 at 03:50:55 AM EST
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We did.

But, as Bruce quibbed once, we repeat the mistakes of our fathers, the gross blunders of our grandfathers and the catastrophes of our great-grandfathers.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Aug 17th, 2011 at 04:05:47 AM EST
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