Megan McArdle tells you why the economy is NOT in shambles. Below are the headlines, click through the link to hear why...
Item One: The Iraq War did not cause this problem
Item Two: The Bush tax cuts also did not cause this
Item Three: Being on the gold standard would also not have prevented this mess
Item Four: Among the many other things that did not cause the current crisis was the repeal of Glass-Steagall
Item Five: The collapse of Bretton Woods--also not a cause of the current crisis!
Item Six: The long twilight of American economic might is not yet upon us