If the crisis was predictable and is explainable, why did no one listen? It’s because too many politicians believed that a free lunch was possible and a new economic paradigm had arrived. But we’ve heard that one before--like the philosopher’s stone that could turn lead into gold. Prosperity without work is a dream of the ages.-Congressman Ron Paul, The Austrians were Right November 20, 2008
(hat tip:Barry Ritholtz)
(hat tip:Barry Ritholtz)
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