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"bpuharic" wrote in message
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On Mon, 22 Feb 2010 20:30:17 -0500, wrote:

On Mon, 22 Feb 2010 18:11:32 -0500, bpuharic wrote:

On Mon, 22 Feb 2010 10:47:25 -0500, wrote:

On Mon, 22 Feb 2010 04:50:29 -0500, bpuharic wrote:

which is, in effect, what the bill was

thanks to gramm

So you are discounting the testimony of Greenspan, Geithner and
Summers in front of the banking committee as having any effect at all
and laying the whole thing on Gramm.
Interesting spin.

none of those guys was in congress. although i DO blame them for being
the apostles of free market fundamentalism and channeling milton
friedman.

Ayn Rand was Greenspan's guru.

OI am not a Johnny come lately on this. I was telling people in the
90s that the great economy we were hearing about was an illusion.

i gotta admit i was a bit hoodwinked by the free market fundies. i've
always been a 'social democrat' but took a few economics courses, read
friedman, and didn't appreciate that the size of the US economy could
hide a bubble the size of the one we just went through.

what i've learned is that economics is guesswork. i'm a chemist. if
we knew as little about chemistry as economists know about economics,
the atmosphere would catch fire every time someone lit a match.

Economics... the dismal science.

The allure of free market capitalism is strong. And, there are lots of
psychological factors that are included, so it's not just that economic
numbers can be complicated, but there's a strong individual psychology at
play as well. Fun classes, but I never liked micro that much. Macro is more
interesting.

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Nom=de=Plume