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Foto © Sam Rentmeester/FMAX . 20100927 Afred Kleinknecht (TBM)

Did you know …

… that I belonged to the minority of economists that warned against a credit crisis in the US? (NRC, 2007 in Dutch). Afterwards, the crisis deployed  through a different channel than I expected …

And that I was the only Dutch economist who warned (in time!) against an unsustainable credit buildup in Southern Europe? (NRC, 2008 and in Openbaar Bestuur 2009, in Dutch)

It was not so difficult seeing such things coming – if you were not blinded by your belief in efficient markets.