When staring directly at the edge of a cliff, you quite naturally begin to explore all the ways in which you might avoid going over it. The closer you get, obviously the more urgent the inquiry. And that’s exactly where we find our collected selves yet again, with assurances from all the usual suspects to ignore our lying eyes because they’ll make sure everything will be just fine.
Such was the case twenty Novembers ago. A fellow by the name of Ben Bernanke, future Nobel Prize Winner (is there one for fiction?), stood up before a room filled with assembled (friendly) Economists and told them what they already knew – or thought they knew.
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