At the end of 2008, government leaders and most professional economists were looking at each other and asking, How did we miss this? and Why didn't we see it coming? Indeed, why didn't they? Our answer to their question is-Stupidomics. Those asking these questions aided and abetted those who drove our economy to the brink of disaster. Words like hubris, myopia, folly, egoism, and pridefulness come to mind when we think about these noble custodians of America's economic wellbeing. While our august leaders were blind to impending economic danger, we saw it coming. To be honest, we weren't sure...