From The Left

The Market Collapse Blame Game

By Desmond Lachman ● New York Times ● 02/06/2018


According to an old proverb, success has many fathers, but failure is an orphan. That proved to be all too true of the 2008-09 Great Recession: In the aftermath, nobody in the policymaking, financial or academic communities stepped forward to accept responsibility for the worst global economic setback in the past 70 years.

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