An op-ed in today's Business Herald gives the perfect example of why nothing will be learned from the economic crisis by those whose schools of economic thought were responsible for making it happen. Robert Wade, from the London School of Economics, ignores the credit bubble inflated by the Bank of England and the US Federal Reserve; ignores the US goverment's promotion of the sub-prime bubble; continues with the nonsense that "deregulation" was too blame; and promotes instead the canard that the solution to the crisis created by big, meddling government is even bigger and more intrusive government.
Alex Epstein writes in Canada's National Post that "Obama doesn't get the roots of the crisis." Little wonder. Neither do academic economists.
I recommend to Mr Wade, and to Business Herald readers who want something better than they'd otherwise be reading, to avail themselves instead of the following three sites, where they won't find writers struggling to sweep uncomfortable facts about the crisis under the carpet.