margaret blair chaired unseen welath report in 2000 - it concluded global metrics professions monopily was compounding unseen risks; her presentation to incoming bush adminstration was received with huge aggression- if her report had been acted on wall street wouldnt have spent the 2000s wasting half of all americans productive value; and usa wouldnt be derated below aaa today; and the global financial system on both sides of the atlantic wouldnt be imprisoning our children in massive debt
yunus microeconomics testimony to congress fell off October's diary
americans needed to hear microeconomics now more than ever
after a lot of time spent, we were doing quite well connecting france's senior economists both in dc and paris; how to get back on track before the 3 november summits : cannes, vienna, madrid
Fatal Conceit footnotes
this is not a problem of a free-market banking system; it is the result of the Federal Reserve System and federal policies that reward bad behavior (whether intentionally or unintentionally).
The main cause of the recession is the fatal conceit of central bankers, including Alan Greenspan. They conduct their monetary policy following established rules, but without any consideration for the effects that changes in money can have on the underlying economy. That is, they believe they can intervene without having any repercussions on the economy except those they want.
It was bureaucrats' and economists' ignorance of the true nature of markets that caused the recession
previously Unseen Wealth notes
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