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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?


To: skinowski who wrote (9832)9/27/2009 4:25:10 PM
From: Mary Cluney  Read Replies (1) | Respond to of 42652
 
<<<People working with people (market forces) create value and quality.>>>

Time to reevaluate life long beliefs:

Greenspan 1963: Writing in Ayn Rand's Objectivist Newsletter, Greenspan declared as myth the idea that businessmen "would attempt to sell unsafe food and drugs, fraudulent securities, and shoddy buildings. It is in the self-interest of every businessman to have a reputation for honest dealings and a quality product."

Greenspan 2008: Testifying before the House Committee on Oversight and Government Reform, Greenspan recanted: "Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity, myself included, are in a state of shocked disbelief.... This modern [free market] paradigm held sway for decades. The whole intellectual edifice, however, collapsed in the summer of last year."