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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (6242)	12/24/2011 9:21:24 AM
From: Steve Lokness	1 Recommendation Read Replies (1) \| Respond to of 85487

<<<If not - you lose my respect of your knowledge of the issue. >>> There have been hundreds of books already written on the topic - with many more to come. I have read several and have formed my own opinion. You should NEVER base a conclusion about something as complicated as the last bubble meltdown on one book. Bubbles have been around forever - did Frank contribute to the Tulip bubble? Well of course not! Blaming Frank for the housing bubble is like blaming the Tulip trader for the Tulip bubble - both completely miss the real cause. That bubble had the same cause as the other bubbles including the Depression. It was a monetary event! It was caused by too easy money which led to overleveraging. EVERY Austrian School economics believer understands that. That is why you should listen to what Ron Paul is saying. Not so he can be president but so our economy can be saved.