Brad DeLong, via Scott Lemieux:
It is indeed too bad that those who do not remember the history of the 1920s and 1930s appear doomed to repeat it. But the real tragedy is that the rest of us are doomed to repeat it with them.
On a closely related note, Scott also calls attention to the master of the succint, Atrios. Two words: Catfood Commission.
[Added] From an earlier post by Scott:
It seems more and more likely that just as the South ended up largely winning the Civil War after the fact, so does Herbert Hoover seem to be retrospectively winning the Great Depression.
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