“The sense of security more frequently springs from habit than from conviction, and for this reason it often subsists after such a change in the conditions as might have been expected to suggest alarm. The lapse of time during which a given event has not happened, is, in this logic of habit, constantly alleged as a reason why the event should never happen, even when the lapse of time is precisely the added condition which makes the event imminent.” –George Eliot, Silas Marner It’s been ten years since the Global Financial Crisis (GFC) of 2008. Print, online, and broadcast news media have dutifully featured articles and programs commemorating the crisis , wherein commentators mull why it happened, what we learned from it, and what we failed to learn. Nearly all of these articles and programs have adopted the perspective of conventional economic theory, in which the global economy is […]