Yeah, they sure got that wrong. It's not to say all Raghuram Rajan says now is right,
who gets it right all the time. But you're right, they got that badly wrong then.
"Former U.S. Treasury Secretary Lawrence Summers called
the warnings "misguided" and Rajan himself a "luddite""
No idea what's with him now.
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”