A lot of nonsense gets written during times of financial turmoil. These times are no exception. Vernon Smith, however, has some sensible things to say. To summarize his view, we’re probably in for a long hard slog and the odds of government actions actually fixing things are rather long. You’d better get used to it because this could be the new normal. So what’s a person to do? I suggest changing attitudes and behavior. I found an excellent place to start.
