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I'm amazed at how prophetic that book [0] is. I wish it would be required reading for every Congresscritter, SCOTUS judge, every member of every federal agency, and all the other cogs in the executive branch ... but I fear they would simply see all the proven mistakes as a blueprint of what to do, only "smarter" this time.

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[0] http://www.amazon.com/This-Time-Different-Centuries-Financia... This Time Is Different: Eight Centuries of Financial Folly It basically takes centuries of data and shows how world leaders tend to make the same mistakes, causing crises, and then follow the wrong solutions to said crises.

More: http://www.reinhartandrogoff.com/




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