“The past two recessions were caused largely by private actors: the risky lending of the mid-2000s and the dot-com bubble at the turn of the century. “
Wait, What? There was a recession at the turn of the century? We were blessed by the magnificence that was Bill Clinton. Blasphemy. Good thing the NYT held their tongues on it, unlike 2008.
lol!!! I got a kick out of that too. My take is that for so many years the blame for both was Bush --that the mini-slowdown after the dot.com was always called the "Bush" recession, and the blaming him for the '08 bust was never questioned.
The big change of gears I'm seeing here is that the underlying long term blame is now going back to private businesses and the need for a powerful state to crush them.