"bpuharic" wrote in message
...
On Sun, 24 Jan 2010 11:53:41 -0800, "nom=de=plume"
wrote:

"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.


exactly. he seems to think a 'correction' is fine if the middle class
has 25% unemployment, as long as the rich come out intact

typical right wing nut


It's a well-known economic, capitalism model that's been around since the
mid-50s (and perhaps earlier). Milton Friedman was part of the movement that
promoted that sort of laissez-faire model, wherein all restrictions are
removed. It has never worked and will never work.

--
Nom=de=Plume