Inflation of Theory, Deflation of Individual
Many economists will claim no one saw the 2008 recession coming. The housing bubble grew and grew right before their eyes and few expected it to pop when it did. Maybe it was because their noses were too deep in their books on theory and ideal worlds to realize that if they weren’t critical of their surroundings, thousands of families would end up in bank-owned homes and would be forced out of them. Including mine.