http://www.creditwritedowns.com/2009/10/1987.html a finance news and opinion site Thu, 18 Mar 2010 10:21:23 +0000 hourly 1 http://www.creditwritedowns.com/2009/10/1987.html#comment-8035 Brian Sat, 03 Oct 2009 23:47:18 +0000 http://www.creditwritedowns.com/2009/10/1987.html#comment-8035 Methinks it's good to mention the roots of hands-off. Too many of us have no idea of its basis nor its recent fashion. And too few tested the math of self-interest and markets. One study [<a href="http://www.econ.jhu.edu/people/CCarroll/indiv_learning_about_c_nber.pdf" rel="nofollow">pdf here</a> by Christopher Carol and Tod Allen at John Hopkins alarmingly points out that no one, not one of us, can live long enough to learn the good rules from the bad ones in a laissez-faire marketplace. History is no science either, but it seems to show that sufficient structure, alert restraint, fair pointers, and vigorous justice is something we must do, well organized and socially. Methinks it's good to mention the roots of hands-off. Too many of us have no idea of its basis nor its recent fashion. And too few tested the math of self-interest and markets. One study [pdf here by Christopher Carol and Tod Allen at John Hopkins alarmingly points out that no one, not one of us, can live long enough to learn the good rules from the bad ones in a laissez-faire marketplace. History is no science either, but it seems to show that sufficient structure, alert restraint, fair pointers, and vigorous justice is something we must do, well organized and socially.

]]> http://www.creditwritedowns.com/2009/10/1987.html#comment-8034 purple Sat, 03 Oct 2009 21:26:12 +0000 http://www.creditwritedowns.com/2009/10/1987.html#comment-8034 "holding down inflation" means holding down wage growth. That, not banking regulation or lack thereof, is the root cause of the collapse. Holding down wages helps short-term profit, but ultimately creates a consumer crippled with debt. Neo-liberalism was a doomed economic model from the start. “holding down inflation” means holding down wage growth. That, not banking regulation or lack thereof, is the root cause of the collapse. Holding down wages helps short-term profit, but ultimately creates a consumer crippled with debt. Neo-liberalism was a doomed economic model from the start.

]]> http://www.creditwritedowns.com/2009/10/1987.html#comment-6644 Brian Sat, 03 Oct 2009 17:47:18 +0000 http://www.creditwritedowns.com/2009/10/1987.html#comment-6644 Methinks it's good to mention the roots of hands-off. Too many of us have no idea of its basis nor its recent fashion. And too few tested the math of self-interest and markets. One study [<a href="http://www.econ.jhu.edu/people/CCarroll/indiv_learning_about_c_nber.pdf" rel="nofollow">pdf here</a> by Christopher Carol and Tod Allen at John Hopkins alarmingly points out that no one, not one of us, can live long enough to learn the good rules from the bad ones in a laissez-faire marketplace. History is no science either, but it seems to show that sufficient structure, alert restraint, fair pointers, and vigorous justice is something we must do, well organized and socially. Methinks it's good to mention the roots of hands-off. Too many of us have no idea of its basis nor its recent fashion. And too few tested the math of self-interest and markets. One study [pdf here by Christopher Carol and Tod Allen at John Hopkins alarmingly points out that no one, not one of us, can live long enough to learn the good rules from the bad ones in a laissez-faire marketplace. History is no science either, but it seems to show that sufficient structure, alert restraint, fair pointers, and vigorous justice is something we must do, well organized and socially.

]]> http://www.creditwritedowns.com/2009/10/1987.html#comment-6642 purple Sat, 03 Oct 2009 15:26:12 +0000 http://www.creditwritedowns.com/2009/10/1987.html#comment-6642 "holding down inflation" means holding down wage growth. That, not banking regulation or lack thereof, is the root cause of the collapse. Holding down wages helps short-term profit, but ultimately creates a consumer crippled with debt. Neo-liberalism was a doomed economic model from the start. “holding down inflation” means holding down wage growth. That, not banking regulation or lack thereof, is the root cause of the collapse. Holding down wages helps short-term profit, but ultimately creates a consumer crippled with debt. Neo-liberalism was a doomed economic model from the start.

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