Michael Lewis continues his Vanity Fair series with a rather disturbing article — disturbing on many levels — about Germany and the world financial crisis: “It’s the Economy, Dummkopf!”
Tyler Cowen at Marginal Revolution calls the piece ” funny, one-sided, slightly offensive, somewhat true.”
I agree with everything except the “slightly” part. Not for the faint of heart.
ADDENDUM: Walter Russell Mead weighs in. Paul Krugman expresses some optimism. Follow his blog for much, much more on the nuts-and-bolts of what’s going on.