|Shifts and Shocks, Crash and Burn !!|
In commenting on the book, Wolf had this to say about the ineffectiveness of our - still very much alive and preening - gaggle of honking "robusterians":
"On all this they were proved wrong.... [having failed to understand] how financial systems actually work, as opposed to how too many economists believed they did..."
Remind you of anyone?
** granularitan - Eng., noun; derived from the word "granularity", meaning small of mind, petty, minor, minute, inconsequential; rhymes with "charlatan".