Comment on In 1989, Larry Summers Predicted Current Financial Crisis

In 1989, Larry Summers Predicted Current Financial Crisis

IN 1934, the journalist Johannes Steel wrote a remarkably prescient book, "The Second World War," which described the social psychology that laid the groundwork for global tragedy. Mr. Steel was trying to peer into people's minds and infer their actual world views and motivations -- in part by examining prewar cycles of social provocation in Germany and Japan and Italy.

 

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