Professor Vernon Smith authored an op-ed entitled, “Surviving Until Next Time.”  In his article, Professor Smith discusses the current crash of the U.S. housing bubble and its causes.  However, despite the current crisis, Professor Smith expresses optimism for the future with, “Our brutalized economy will survive the crash – after a scare and some scars.”  He added, “I believe this crash will end to the extent that the Treasury moves directly to recapitalize banking institutions…The idea is to provide immediate cash infusions, ample scope for private funds to flow into recapitalization of banks, and at the same time allow the battered U.S. Treasury to recover a taxpayer return.”  Read article…