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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (95921)	5/11/2002 11:51:27 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

I think there is about as much hope of persuading most people of our current economic lunacy as there was of persuading Germans that Hitler was insane in the year 1942. After the news from Stalingrad began to filter in, many more people must have begun quietly to suspect that he was crazy. I have a good friend who, because he is a physicist and the son of an accountant, will listen to arguments based on figures--but even he wasn't that easy to convince. I think he may be coming around. I tried over and over to get another friend to bail out of Intel when it was at about 75. He reacted as if I had advised him to sell his house--a kind of patronizing, "I don't think I will do that." For a while when it dropped to 50 he did say that he should have sold. Now with it in the 20s, they just don't speak to me I wonder if we will get to the point of seeing Alan Greenspan hanged in effigy. As J. K. Galbraith said in his great book, however, "All that was being lost was money." Through the miracle of Google search, I have the actual sentence: "One can relish the varied idiocy of human action during a panic to the full for, while it is a time of great tragedy, nothing is being lost but money."