The Structural Revolution

http://www.nytimes.com/2012/05/08/opinion/brooks-the-structural-revolution.html

---------- Forwarded message ----------
From: barry levine 
Date: Tue, May 8, 2012 at 8:54 AM
Subject: re: The Structural Revolution
To: letters@nytimes.com


To the Editor:

   The only thing that's rigorously cyclic in economic policy debates is the rallying cry. "But this time it's different!" has justified running over every cliff since the Dutch tulip bubble of 1637.  Of course 2012 is not 1932. Myriad details are different. But we'd be great fools to refuse to learn from Herbert Hoover's failures and from FDR's successes. History never repeats itself, but it does rhyme.

Barry Haskell Levine