Revisiting the deregulation that caused the 2008 housing crisis.
It has been four years since the world economy took a dramatic nose-drive from which we are still recovering from and like many historical economic events the perceptions and interpretations vary from person to person. Even in the midst of the 2012 elections cries about reverting to failed deregulation policies were commonplace. What will be ultimately be taught in schools, will be very similar to how the Great Depression was historically analyzed and taught. How the historical analysis gets laid down could potentially build a slippery slope foundation for those relying on that text. Imagine thousands of years ago a historian with religious inclinations observing the destruction of Pompeii. Those reading the history later would be convinced that the sinners of the city angered the gods and were punished for it and immortalized in liquid magma. A seismologist would for instance have a very different take on the situation. Economic calamities are ...