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."