David Brooks Thinks That Most Children Will Die Before the Age of 5

We can infer this based on his confident assertion that tens of millions of workers will absolutely have to experience prolonged bouts of unemployment because of the collapse of the housing bubble. He bases this assertion on a book by Kenneth Rogoff and Carmen Reinhart that reviewed eight centuries of financial crises.

Rogoff and Reinhart find that the it typically takes 8-10 years to recover from the effects of a financial crisis. They therefore infer that we should it expect 8-10 years to r...