So much has been written about the recession that befell the country in the late summer of 2008. It was "unprecedented;" it "caught experts by surprise;" "virtually no one saw it coming." After all, a recession triggered by a major segment of the economy that was vulnerable to speculation, occurring during a time of high government deficits, cuts in interest rates, and tax reductions combined with dramatic increases in federal spending? When has that happened before? “Dozens of times, if not more, during the last one hundred and fifty years or so,” says Richard Grossman, professor of economics, economic historian…