from Breakingviews:

Were Luddites the victims of 2011-style finances?

March 11, 2011

The British weavers known as Luddites, who destroyed looms precisely 200 years ago, thought rising unemployment within their ranks was due to machinery. But there's a case to be made that inflation, money supply expansion, budget deficits and trade barriers were equally to blame. Maybe we haven't learned much in two centuries.