Many alarming signs were hovering above our heads in the years 2005, 2006, and 2007, but no measures were taken. The atmosphere was a thoroughly laissez-faire one. The government and leading members of the business sector seemed to think that the upswing in the economy and good years would last forever.
A fitting epitaph for the cult of Friedman. Now where are we going and what's with the handbasket?
