The meltdown of 2008 was a wasted crisis... because the homeowners were not bailed out. The financial sector was bailed out, the banks... the bankers… - John Komlos

[C]hildren who are attending dysfunctional schools in dysfunctional neighborhoods, people... unable to catch their bearings in... the IT revolution and globalization, the working poor... trapped in a culture of poverty... ought not be treated like machines without feelings.

People who are cheaters, swindlers who can take advantage, especially of poor people... [who] do not have the education... the information. They cannot afford to buy the information so they get the short end of the stick... [O]pportunistic behavior is a big problem in the economy, and economists are not paying... attention...

Deregulation was supposed to make the economy more efficient... but instead it led to the financial crisis... and Blackboard Economists did not even see the crisis coming when it was around the corner.