Mises Wire

The Company Men shows how, in order to move on from a devastating layoff, workers must first figure out how to be valuable to the customers.

As the credit expansion turns to bust, many capital goods remain unused, many investment processes cannot be completed, and capital goods produced are used in a manner not originally foreseen. A large portion of society’s scarce resources has been squandered.

Lehman was a prime example of mainstream consensus analysis of risk and economic opportunity. We "solved" it with more of the same.