I can scarcely believe what Brad Delong has dared to publish on Project Syndicate today: We economists who are steeped in economic and financial history – and aware of the history of economic thought concerning financial crises and their effects – have reason to be proud of our analyses over the past five years. We understood where we were heading, because we knew where we had been. In particular, we understood that the rapid run-up of house prices, coupled with the extension of leverage, posed
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Steve Keen
Aka SteveKeen
Winner of the Revere Award for being the economist who did most to warn about the economic crisis before it happened, & author of Debunking Economics