One of my favorite guys, Zach Karabell, has an excellent column in the WSJ offering some historical perspective on our boom-and-bust cycle past. Zach is a very smart guy. The fact that he's a regular contributor on CNBC shouldn't be held against him. He's no wingnut like most of those loons.
http://online.wsj.com/article/SB123742239255278903.html
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