Thursday, May 26, 2011

It’ll be our fault

Ezra Klein points out that our problems were both predictable and predicted.  Yet nothing was done to stop them.  Now that many have actually happened, we aren't doing much to keep them from happening again.  Something about the definition of insanity comes to mind.
When a crisis comes, the people who were charged with preventing it like to say that it could not have been predicted. Who could’ve imagined that housing markets would crash all around the country or that terrorists would fly planes into buildings or a that a hurricane would breach the levees in New Orleans? Sometimes there’s truth to those claims. But not in these cases. These crises are predictable. These crises are preventable. These are the white swans, and they’re swooping and honking right in front of us.

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