Mr. Market Will Get His Pound Of Flesh…And Then Some

In the years 2007-2012, Nobel Prize winning economists Paul Krugman and Joseph Stiglitz — along with celebrity economist Jeffrey Sachs and practically all of their colleagues — failed to notice the most-important thing to happen in their field. But not noticing things came naturally, easily to them. In fact, you might say they had built their careers on not noticing things, especially the most-important thing in economics.

http://www.forbes.com/sites/greatspeculations/2012/08/20/mr-market-will-get-his-pound-of-flesh-and-then-some/

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