Alan Greenspan has taken a great deal of heat for his steadfast reliance on self-correcting markets just as those who support trickle-down economics are now being soundly criticized. I believe these theories are both valid, however, they rely on the assumption that people are rational and that they make decisions which maximize their own best interests in harmony with society as a whole. We have allowed our society to degrade to a point where we sanction a few pirates in suits to take what they want with no regard to the rest of the people. The economic theories are still valid, assuming a moral society. Instead, our elected officials have allowed a few aberrant bastards to run roughshod over the rest of us. Lets not confuse logic and rationality with immoral and reprehensible behavior, sanctioned by those who were elected to represent the interests of the citizens of the U.S.
Posted on: Sun, 10 Nov 2013 04:31:54 +0000
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