Tom Lindmark submits:

As the destruction of the past decade begins to pile up and we get a chance to look back and try and figure out how everything could have gone so wrong, the prevailing sentiment seems more and more to be, "how could we have been so stupid?"

Consider Felix Salmon’s post on the demise of Stuyvesant Town and Peter Cooper village projects. He adroitly sums up the faulty logic that drove this investment and then concludes:

Complete Story »
Go to Source