Charles Brown writes: >> CB: This reminds of what Einstein said when hundreds wrote criticizing >> something he >> had said. He said if he was wrong, it would only have taken one to show it. >> >> Anyway, lots of economists on PEN-L predicted that the neo-liberal >> structures would >> lead to a crisis, no ?
PEN-L economists have been predicting that neo-liberal structures would lead to a crisis since 1848. As someone who lives in Los Angeles, other than the self-promoters in the real estate industry, everybody I know knew we were in a real estate bubble, just like everybody I know knew we were in a tech bubble in the late 90s. How people acted on that knowledge is a topic for psychologists and the economic behaviorists. My point is that even if you are right that neo-liberal structures lead to the present crisis, neo-liberal structures are far better structured to get us out of the crisis as opposed to whatever happens to strike the fancy of Hank Paulson, or Ben Benarke, or Barney Frank, on any given day of the week, as they decide to spend money that does not belong to them. David Shemano _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
