The Pain Caucus - Readers' Comments - NYTimes.com

The Pain Caucus - Readers' Comments - NYTimes.com: "At this point in our history I would have thought that conventional wisdom would have been thoroughly discredited. For starters, conventional wisdom got the US into the biggest foreign (and perhaps fiscal) policy disaster in its history in Iraq. Conventional wisdom says we should continue to double down on the tragic quagmire in Afghanistan. Conventional wisdom was convinced that there was no housing bubble. Conventional wisdom told us the Great Moderation brought an end to volatility in financial markets. Not a very good track record of late for old conventional wisdom."