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To: Elroy Jetson who wrote (91150)	10/2/2007 8:22:14 PM
From: neolib	Read Replies (1) \| Respond to of 306849

I freely admit to lacking the basics, my only formal eduction in economics is a single class in Engineering Economics, which is not much. Plus reading various books including one on an economist you seem to like, Schumpeter. Plus the fact that an entire branch of economics closely mirrors control system theory, my own field. But I can make the observation that if system X was once prevalent, and is now nonexistant, while knowledge about it is still widely available, there must be some reasons nobody uses it. You have only obliquely answered that, implying that everyone is seduced by economic irresponsibility. Is that really your opinion?

To: Elroy Jetson who wrote (91150)	10/3/2007 1:22:39 AM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

'Likewise I understand the obvious appeal of economic irresponsibility and why its so universally popular. But I also know that that economic irresponsibility is very costly and results in painful circumstances. Devaluing the currency on an ongoing basis imposes huge costs on the economy.' Scary no politicians and few in the media even go in the general direction of attacking the problem.. Why even bother because what we need is more revenue streams for the 'capitalists' and more stuff for J6P<g>