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HomeVictor Davis Hanson on Greece, Germany, Detroit . . .
Posted by Larry Doyle on June 4th, 2012 10:09 AM |
What has really changed? Seriously.
From where we were a year, two years, four years ago, what has really changed in the fundamental outlook on our global economic landscape?
People can point to a variety of stopgap measures undertaken by governments and central bankers to stem the tide of deleveraging that dominates our global economy. However, has the psyche of people both in our own nation and others adapted appropriately? I would maintain that the psyche which brought upon our crisis has changed little and perhaps has become even more emboldened. That is not good.
To this end, rather than comment on some daily swings in the market or our economy, I want to highlight a fabulous historical comparative commentary which was shared with me by a number of readers. (more…)
