Wednesday, September 09, 2009
Macro fiasco of the macroeconomics
Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system.
There was nothing in the prevailing models suggesting the possibility of the kind of collapse that happened last year.
BAD HARDWARE: Well, nothing except the fact that no one unsubstantiated financial pyramid could extend forever.
There was nothing in the prevailing models suggesting the possibility of the kind of collapse that happened last year.
BAD HARDWARE: Well, nothing except the fact that no one unsubstantiated financial pyramid could extend forever.
THIS LINK posted by Joseph Bell : 8:11 AM
