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  • From: "Don Bowen" <don.bowen AT earthlink.net>
  • To: <homestead AT lists.ibiblio.org>
  • Subject: [Homestead] An explination of the current economic situation
  • Date: Thu, 18 Sep 2008 08:16:30 -0500



"..., 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






  • [Homestead] An explination of the current economic situation, Don Bowen, 09/18/2008

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