15 Years Ago, We Predicted the Financial Crash. We Think Another Is On Its Way.
Throughout our 42-year history, In These Times has often played the role of Cassandra. Perhaps the most unhappy instance is our prediction of the burst of the housing bubble, and the devastating foreclosure crisis that followed. In his 2003 article, “Bursting Bubbles,” economist Dean Baker warned that the popular progressive explanation for the 2001 recession was wrong. Bill Clinton may have boasted in 2000 of “the best economy in 30 years,” but George W. Bush’s disastrous tax cuts and military... Читать дальше...