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Politics : The Citizens Manifesto

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To: average joe who wrote (407)	2/26/2009 6:58:28 PM
From: neolib	Read Replies (1) of 492

I rather prefer this quote from Nouriel Roubini a couple of days ago: How could Mr. Greenspan have been so naïve, I ask, hoping to get a rise. "Well," says Mr. Roubini, "at some level it's good to have a framework to think about the world, in which you emphasize the role of incentives and market economics . . . fair enough! But I think it led to an excessive ideological belief that there are no market failures, and no issues of distortions on incentives. Also, central banks were created to provide financial stability. Greenspan forgot this, and that was a mistake. I think there were ideological blinders, taking Ayn Rand's view of the world to an extreme.

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