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Read the last part:http://en.wikipedia.org/wiki/Let_them_eat_cakeI don't even begin to agree that the crisis started with the housing crisis, and for reasons I've outlined elsewhere. There's been a long-term downward trend that nobody's been able to stop that's demonstrated in plots of several economic metrics. What I haven't seen from anyone is a solution that addresses the underlying causality.
Read the last part:
http://en.wikipedia.org/wiki/Let_them_eat_cake
I don't even begin to agree that the crisis started with the housing crisis, and for reasons I've outlined elsewhere. There's been a long-term downward trend that nobody's been able to stop that's demonstrated in plots of several economic metrics. What I haven't seen from anyone is a solution that addresses the underlying causality.
