The Economic Meltdown: What Have We Learned, if Anything?

“What actually seems to be happening is that by avoiding real disaster, we also managed to avoid confronting our own intellectual failings. ... It’s as if it were still 2007: we’ve gone back to it. People are espousing the same positions, the same rhetoric about private sector dynamism and the evils of big government. The same denunciations of Keynesian economics are right back in vogue. ”