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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (50890)	6/3/2009 12:40:13 PM
From: dvdw©	Read Replies (3) \| Respond to of 217580

It was that book that showed his credentials as an economist with an Holistic view of economics....naturally the mouthpieces for state socialism, oligarchs, and everything in between didnt want the holistic view to take hold....hence the focus of his critics was to always bring him into their defined compartments for critical review...and shout about the contradictions with them as the anointed arbitraiters. Frankly, they have outlived their usefulness, time for the compartments to fold up their tents, resign the field....move along.

To: elmatador who wrote (50890)	6/3/2009 2:03:30 PM
From: Maurice Winn	2 Recommendations Respond to of 217580

Thanks for that link. I watched the first one and Milton Friedman was good and Galbraith was not. Galbraith seemed crazed and made hopeless arguments if he even understood what Friedman thinks. I don't believe Elroy is correct in what he says Milton said. He's quoting somebody who doesn't know the facts. Of course debts and loans are part of the financial system and they enable economic activity which wouldn't take place otherwise, but debt and loans are not the foundation on which trade is built. As the seven dwarfs in Snow White sang, "I owe, I owe, it's off to work we go". Debt is an enabler. It motivates people to get going to pay off the loans. Mqurice