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Politics : High Tolerance Plasticity
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To: stockman_scott who wrote (15883)8/8/2002 10:33:41 AM
From: kodiak_bull  Read Replies (1) of 23153
 
Scott:

As my Jewish grandmother used to say, "Vot a lot of ficacta drivel dot is. Not even bobkes, dot mishigas! Nudniks!!"

"Economic liberalism prevailed from the New Deal forward but broke down in the late 1960s when it was unable to resolve doctrinal failures including an inability to confront persistent inflation. Now market orthodoxy is coming apart as a result of its own distinctive failures. It can neither explain the economic disorders before us nor remedy them because, in fact, its doctrine of reckless laissez-faire produced them. The bursting bubbles are not accidents or the work of a few larceny-prone executives. They are the consequence of everything the conservative ascendancy sought to achieve--the savagery and injustice of unregulated markets, the blind willfulness of unaccountable corporations."

Puhleeeeeeeeeeeeeeeeeeeeze. Everyone, repeat after me: bubbles end badly, big bubbles end worse, giant bubbles end with unhappiness, Congressional hearings, bankruptcies, jail time and bad laws.

Kb
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