Great summary of American economic history and discussion regarding whether we will change economic regulation.
Excessive optimism and its close relation — a reckless disregard of risk — are widely blamed for helping carry the United States into the worst financial panic since the Great Depression.
how many people have similarly changed their sense of what the American economy needs. Mostly, it is a matter of whether the country is still feeling lucky; whether the recent crisis will come to feel like an unavoidable toll on the highway to fortune, or whether something deeper has shifted in the American psyche, leaving us shaken in a lasting way.
Click on the following for the story: The Financial Crisis and America’s Casino Culture - NYTimes.com
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