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On Mon, 3 Dec 2007, Jack Smith wrote:
On Mon, 2007-12-03 at 17:30 -0600, Mike Miller wrote:
Explanation:
http://www.nytimes.com/2007/12/03/opinion/03krugman.html
Summary: Neocon faith in the free market allowed "innovation to get ahead
of regulation."
Let me get this straight: he thinks that the U.S. economy is down
because of too MUCH innovation and too LITTLE government regulation?
Wow...
Did you read the article? You should probably read it.
In other words, ideology trumped logic
Economics is largely based in logic- actions are done to optimize the
amount of money somebody or some group has. Regulation is done though
politics, which is driven primarily by ideology. Wow again...
Who won the 2002 Nobel Prize in Econ and for what?
You just don't know anything.
Mike
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