It’s a fascinating list put together by Economics of Contempt. Perhaps it is biased but I note the number of free-market thinkers here, people with a supply-side bias who do not have the Austrian theory of the business cycle figured into their intellectual apparatus.
At the same time, let’s say that you didn’t entirely understand that Fannie and Freddie were considered too big too fail, and let’s say you didn’t entirely understand that the housing sector was vulnerable to absorbing the vast quantities of new money that the banking system was creating during these years. Under these conditions, I can see underestimating the housing-bubble reality. What actually matters is what you make of the problem now, not then. The Austrian theory has achieved remarkable gains in the last two years.
