There is one bunch of people who are written out of the media narrative when it comes to the Great Credit Crunch of 2008, and that's the Austrian school of economics.
Why? admitting that economics is not a science undermines a lot of the academics and the medias preconceived perceptions and opinions, and undermines the political will of the authorities. Will to Power.
I hold to the view that the crunch can only be understood properly by understanding the economic problem behind it, and that problem at heart is money creation.
Via Samizdata, ASI