Monthly Archives: June 2012

A Blatant Misuse of History

Writing nearly 40 years ago, historian Ernest R. May warned of the dangers of misusing history for policy purposes.  May was primarily concerned that policy makers drew the wrong lessons from the past. In their opinion piece in yesterday’s Wall … Continue reading

Posted in Financial Crisis, government budget, monetary policy, subprime crisis | Tagged , , , , , , , , | 5 Comments