So this is my hope for the new year: We stop paying attention to the so-called financial wizards who got us into this mess—and who are now calling for austerity and delayed restructuring—and start using a little common sense. If there is pain to be borne, the brunt of it should be felt by those responsible for the crisis, and those who benefited most from the bubble that preceded it.
This article comes from Project Syndicate.
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