When no WMD were found in Iraq the neocons who had been promoting the war on that premise offered as an excuse the claim that nobody knew or predicted that outcome at the time of going to war. When the economy fell apart last year because of the real estate bubble, Chicago school and classical economists employed a similar defence, that this result could not have been, and was not, anticipated. I am not trying to turn political here on this blog, but this excuse is trotted out all too often despite its being entirely unjustified and ill-reasoned.
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