[Homestead] An explination of the current economic situation
Don Bowen
don.bowen at earthlink.net
Thu Sep 18 09:16:30 EDT 2008
"..., economic policy replaced wages and productive investment as the
engines of growth with debt and asset inflation. Second, greed and free
market ideology combined to promote excessive risk-taking and restrain
regulators. This was encouraged by audacious claims that mathematical
economic models mapped reality and priced uncertainty, making old-fashioned
precautions redundant."
http://economistsview.typepad.com/economistsview/2008/09/the-liquidation.htm
l
Don Bowen KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html
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