how do you handle this?
RichD
St. Journal (a regular routine of mine for the last
year, superb financial analysis of the market
meltdown), someone asks "Anything interesting
in the news?"
I reply "Nothing fascinating, I try to read the paper
regularly, trying to educate myself more about
economics, with the recession and all."
He says, "It's mostly because the economists
got it wrong, they didn't factor in the scale of
human greed." oh brother ... I said "yeah
well human nature you know, it's all quite
complicated." And that was that.
But I was tempted... do you bicker with strangers
in real life, like on these internet boards?
--
Rich
Malrassic Park
wrote:
>
>He says, "It's mostly because the economists
>got it wrong, they didn't factor in the scale of
>human greed." oh brother ... I said "yeah
>well human nature you know, it's all quite
>complicated." And that was that.
He got it straight from Greenspan so I don't see what you're quibbling
about.
http://www.nytimes.com/2002/07/21/weekinreview/word-for-word-greenspan-shrug
ged-when-greed-was-virtue-regulation-enemy.html?pagewanted=1
http://snurl.com/txu7y
IN 1996, he questioned the ''irrational exuberance'' of the American
investor. Last Tuesday, Alan Greenspan, chairman of the Federal
Reserve, brought that era to a definitive end with his diagnosis that
''an infectious greed seemed to grip much of our business community.''
Acknowledging he was wrong in his long-held belief that the government
should not regulate the accounting industry, Mr. Greenspan also said:
''It is not that humans have become any more greedy than in
generations past. It is that the avenues to express greed had grown so
enormously.''
RichD
> >He says, "It's mostly because the economists
> >got it wrong, they didn't factor in the scale of
> >human greed." � oh brother ... I said "yeah
> >well human nature you know, it's all quite
> >complicated." �And that was that.
>
> He got it straight from Greenspan so I don't see what you're
> quibbling about.
Good one!
--
Rich