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["Don Bowen" <don.bowen AT earthlink.net>]

"..., 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