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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Joe Btfsplk who wrote (80748)6/27/2008 5:45:21 PM
From: koan  Read Replies (1) | Respond to of 116555
 
I totally disagree with Milton Friedman's economic theories. They are the theories of a socio pathic prsonality. And I do not post that lightly!

We humans can run our societies with thought and compassion We do not need greed and chaos! Friedman saw his theories being best implemented via chaos.

We are smart, we humans. so let use use our brains to figure out how to run our societies. And let us always use compassion and kindness as our infallible compass.



To: Joe Btfsplk who wrote (80748)6/28/2008 1:47:09 AM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
They established that the cause was a a monetary contraction resulting from FED error.

They established incorrectly.

The CAUSE of the great depression was the unwarranted credit boom that preceded it. Just like what is happening now.

All this study to tome to a hopelessly wrong conclusion.

Mish


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