The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: gpowell who wrote (13880)	9/23/2003 10:51:13 PM
From: MulhollandDrive	Read Replies (1) of 306849

his one statement reveals both your lack of understanding of some very basic fundamental concepts and some erroneous preconceptions. You distrust selfish motives when in fact a close approximation to selfishly motivated behavior is at the core of all economic theory. Further, you assume that having wrong expectations some how invalidates the use of expectations to explain the impact of policy decisions. Again, the role of expectations is firmly established in core economic theory. " 'greed' for lack of a better word....is good " -gordon gecko don't i know it <gg> (thank you, gp, for your exposition on real economy dynamics vs economic abstract theorem)

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