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comment by StillWaters

Glad to read your comment because that was my observation too.

I particularly dislike the misuse of the quote ‘macroeconomics […] has succeeded: its central problem of depression prevention has been solved’. That is a comment about economic cycles - not avoiding depression due to massive banking fraud. This is like mocking meteorologists who say they have a good control on weather forecasting, but fail to include in their prediction a meteor hitting the earth and causing havoc to the weather.

Many economists had warned about the US debt problem, especially the mortgages. My own professor (one of the author's of Wiley's "Macroeconomics: Understanding the Global Economy") would regularly lecture on the topic years before the crash.

The worst thing IMO is watching the Republicans now unwind all the regulations aimed at preventing a repetition of the 2007 crisis. And I suspect the next crash too people will be blaming the economists for not doing adequate baby-sitting.