Krugman has an insightful piece about the state of America's ability to problem solve. For many of the major crises facing the country - the Iraq War, the financial crisis -
those we ask for solutions are the very same ones who got us into the mess.
- Alan Greenspan played down the subprime crisis and is being asked for advice on solving it.
- President Bush and Cheney lied repeatedly about the Iraq War and got re-elected in 2004 (and still have their jobs).
- And many major pundits keep getting airtime despite being wrong, wrong, wrong.
Heck, there's even a
book on the subject.
Is Alan Greenspan a liar? I am under the impression that he honestly held that subprime was not a problem.
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