On 23/01/2010 3:32 PM, bpuharic wrote:
with the collapse of the economy, at the most recent american economic
assoc. meeting, the idea that markets are 'rational' as proposed by
the right wing 'chicago school' has also collapsed.

http://www.newsweek.com/id/232111

so much for right wing kool aid as served by rush limbaugh

One thing all these economists seem to have in common is the fantasy
that somehow the market does not correct itself. It efficiently
corrects itself in real time ever time. It waits for no bureocrat or
politician to wipe his ass. It looks right past politicial bull****.

The correct statement would be:

"The market isn't going to do what a pandering liberal-debtor wants on
hyperbole and cheap fast street jive talk. It looks reality straight on
and adjusts accordingly."

Text should read, address the debt, deficit, debt mongering and
entitlement attitudes. Close the welchers down to stem the losses. And
time to invest in winners like the _mainstream_ middle class, and forget
the losers liek GM and banks. Make SOX meaningful by incarcerating GM
loser types like Wagoner and other corrupt corporate executives. Make
debtors pay up or else.

But isn't going to happen this way. Debt mongers and liberals need to
be hit hard with a bat to wake up. And the bat is winding up for round
two of "The Greate Government/Bank/Debt Depression of 2008-20xx".