Why Don’t We Learn?

The end of the year tends to be conducive to thinking about past and future. Today I was reading in the New York Times The Big Zero by op-ed columnist Paul Krugman. He names this decade "The Big Zero" because he contends this “was a decade in which nothing good happened, and none of the optimistic things we were supposed to believe turned out to be true.”
Worst yet, besides zero job creation, zero economic gains for the typical family, zero gains for homeowners, zero gains for stocks, “what was truly impressive about the decade past, however, was our unwillingness, as a nation, to learn from our mistakes.” He concludes that this was “the decade in which we achieved nothing and learned nothing.” If true, what a bleak, sad, and unfortunate statement!


