Monday, November 23, 2009

Op-Ed Columnist - The Phantom Menace - NYTimes.com

Of some interest to the Maloney gang. Krugman opining about what's really going on.

Link: Op-Ed Columnist - The Phantom Menace - NYTimes.com

1 comment:

  1. Krugman notes that Wall Street's reputation for predicting is poor; witness their inability to foresee or recognize the housing bubble.

    But why would Wall Street's predictions, or any other communications with the punters (us), be designed to predict? Aren't they instead designed to get the masses to behave in ways that are favorable to Wall Street? I mean isn't there an actual reason that rich are still getting richer?

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