On Sun, 24 Jan 2010 13:15:23 -0800, "nom=de=plume"
wrote:




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.

it was a fundamentalist view of economics that served the rich with
its mythology.

now it's turned out like a water balloon against a chain saw

"bpuharic" wrote in message
...
On Sun, 24 Jan 2010 13:15:23 -0800, "nom=de=plume"
wrote:




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.

it was a fundamentalist view of economics that served the rich with
its mythology.

now it's turned out like a water balloon against a chain saw


Correct. It was a philosophical belief that doesn't work in the real world.
Even dictators wouldn't implement it fully.

--
Nom=de=Plume