The Economic Crisis: No, this will not be a Normal Cyclical Recovery


by Prof. John Kozy
Global Research, April 12, 2009


The Congress, at the behest of corporate lobbyists, wrote into legislation the rules that permitted companies to offshore jobs, reduce real wages, and permit risky financial practices. Therein lies the root cause of this crisis.

Philip Tetlock, a professor at the University of California, Berkeley, spent two decades tracking 82,000 predictions made by 284 experts. His findings, reported in his book, “Expert Political Judgment,â€