Former USA Fed chairman Alan Greenspan repents after following the financial market turmoil....
"I made a mistake in presuming that the self-interest of organizations, specifically banks and others, was such as they were best capable of protecting their own shareholders"
Can we all just finally move on from unfettered free market economics???
Saturday, October 25, 2008
Thursday, October 23, 2008
Why shit happens...
Why we are idiots.....
http://www.marketwatch.com/news/story/14-reasons-main-street-loses/story.aspx?guid={F63EC448-D9C1-4138-AC18-97BF0FE68EE3}&print=true&dist=printMidSection
http://www.marketwatch.com/news/story/14-reasons-main-street-loses/story.aspx?guid={F63EC448-D9C1-4138-AC18-97BF0FE68EE3}&print=true&dist=printMidSection
Tuesday, October 21, 2008
The end of Friedman?
Does the financial crisis finally spell the end of Milton Friedman's economics ?
http://www.informationclearinghouse.info/article21029.htm
http://www.informationclearinghouse.info/article21029.htm
Mad men
Unusual frankness and honesty from a member of the corporate class.....the truth in his words should resonate.....
http://www.guardian.co.uk/business/2008/oct/18/banking-useconomy
http://www.guardian.co.uk/business/2008/oct/18/banking-useconomy
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