"Canuck57" wrote in message
news
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****.

You're obviously no economist, since that's the exact opposite of what
economists say. The problem is the devastation that happens during the
correction, which is what we tried to fix after the Great Depression.

crap removed.


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Nom=de=Plume