David Brooks spends a good deal of time laying the grounds for a non-blame blame for this economic meltdown. While saying, “Banks got too big to manage. Instruments got too complex to understand. Too many people were good at math but ignorant of history.” He still maintains that it wasn’t the greed of the players [...]
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An extremely interesting analysis of the state of the economy and where it may lead from here. Thanks to Jason Kottke for the pointer If anything, our government policies should encourage renting, not buying. Homeownership occupies a central place in the American Dream primarily because decades of policy have put it there. A recent study [...] |
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