Some antiMilton Friedman fodder...was DuPont's US Lab closure 5
It (see below) is a complicated mess. I'm not an economist (and so they would say I don't know anything) but I think globalization is a big mistake that the large number of underlings are going to pay for and the small number of very rich and powerful are going to 'clean up' on.
On Tue, 16 May 2005, rrc While I'm in general agreement and appreciate the sentiments, I think the economy is more complicated than that. We had...
After reading Griffen's book, "The Creature from Jekyll Island" (go to Amazon.com and read any of the 82 book reviews written...all that I read were better than I could ever write), it has ocurred to me that we are in much worse ignorance and much worse powerlessness than I could ever imagine. The way money is handled and used, behind and hidden from public scrutiny, is like the financiers, accountants (remember Enron-Andersen? How did they almost get away with it?), tax lawyers, brokers, underwriters, etc., are in another universe where anything can be anything whereas in our (underling univers) we can relate to the idea that $4-5 means something like a decent hamburger, etc. I'd have to rate Griffen's book like one of the top ten most interesting and significant books I've read in my life.
A couple of months ago, I read, in Business Week, a one page propaganda piece written by an economist. One paragraph contained several sentences and virtually every sentence did NOT make sense to me. Not one sentence connected with either the sentence before it or the one after it. The whole paragraph did not make sense. And, the paragraph did not connect well with any of the other paragraphs. The whole page seemed to be written in code. Of all authors of printed material, and electronic published material, the products of economist authors are the most confused pieces of prose out of anything I ever read. The Wall Street Journal, 1-2 years ago, published a one page, side-by-side, set of answers to the same several questions from each of two well known economists. Each had answers that I could not recognize as having anything to do with the other guys answer to the same question. Are these guys scientists? Or are they artists (with artistic license to invent answers that tell us: i) they know what is going on and we laypeople don't know, and ii) whatever it is, its OK).
======= no change to below, included for reference and context ====
On Mon, 16 May 2005, rrc That ain't the half of it. Do you remember the "buzz" of about...
On Mon, 16 May 2005, rrc