Why Does NPR Rely On Economic Experts Who Only See Things In Hindsight?

Morning Edition included a discussion this morning (no link yet) with WSJ economics editor David Wessel and the Economist's economics editor Zanny Mintos Beddes. When the discussion turned to housing, David Wessel said that in retrospect we underestimated the extent to which housing would be a drag on the economy.

Actually, those who understood the housing market were saying at the beginning of the downturn and before that the collapse of the housing bubble would be a serious and longterm...