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Viewed from a distance, or through the eye of the All-Knowing CEO of the Universe, the crash of 2008 followed the usual pattern. A long-lived boom driven by cheap credit, going back as far as 1982 (though subject to interruptions in the mid-1980s and 1990s, and in 2001), came to grief because of a rise in the cost of borrowing money. ↗
It is not impossible to think that the minds of philosophers sometimes act like those of other mortals, and that, having once been determined by diverse circumstances to adopt certain views, they then look for and naturally find reasons to justify these views. ↗
