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View Diary: Whither Goest Thou, Stock Market? (184 comments)

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  •  I think that he likely has studied... (0+ / 0-)

    the Great Depression--but then so has Greenspan and Bernanke.  I don't see them coming up with any brilliant plans to save the economy.  Greenspan admitted not long ago that the economy was running out of control.  The economy is a chaotic system and there are often unpredictable and unintended consequences to every action.  It should always be remembered that economics is a SOCIAL science--an concept often lost in the charts and graphs and technical analysis and jargon.  The economy is the sum total of "economic activity" on the parts of the human beings who conduct a role in it.  This is uncharted territory that we are presently in.

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