Germany Cuts Off Its Nose

By Joe Nocera
     Op-Ed Columnist, Daily Beast

“Lords of Finance,” Liaquat Ahamed’s magisterial 2009 history of the events that led first to the Great Depression and then to the Second World War, is, necessarily, a book about policy mistakes. Central bankers and Treasury secretaries, presidents and prime ministers: all of them are locked into their own economic and political orthodoxies.

Each is certain that his is the only sensible course of action. Crippled by their blinders, they consistently make economic choices that appear to us, nearly a century later, to be insane but to them seemed completely sensible.

Earl Wilson,

The New York Times                                                                                

Can you just imagine what they'll write about us a century from now?
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