Should-Read: This by he wise Ben Friedman seems to me to be partly wrong. It was a failure of politics, but a failure of politics enabled by what Paul Romer calls post-real-macroeconomics: Ben Friedman: HAS ECONOMICS FAILED US?: The Search for New Assumptions: “Democracy doesn’t always deliver what the technical experts recommend…http://democracyjournal.org/magazine/45/the-search-for-new-assumptions/ …and the package … Continue reading Should-Read: Ben Friedman: Has Economics Failed Us?: The Search for New Assumptions