The dramatic decline of the once-great U.S. economy has important lessons for Australia and the world, as Alan Austin reports. AMERICANS SEEKING WISDOM about the state of their economy will gain little insight from mainstream economics writers. They are like detectives called to investigate an assault. They note boot prints in the garden, the broken living room window and the smell of gunpowder. But they fail to observe the three dead bodies. These are the cadavers:

Source: Detecting the cause of America’s collapsing economy