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Gerry Clinchy
07-04-2010, 11:11 AM
NY Times
http://www.nytimes.com/2010/07/04/business/economy/04econ.html?pagewanted=1&th&emc=th&adxnnlx=1278259302-opaj90g3U8IZosGGwv4kNg

Maybe this is a book everyone should read?

It seems like the two authors of this book harken back to Milton Friedman.

Clint Watts
07-04-2010, 11:46 AM
Sounds like a must read, thanks for the post.

depittydawg
07-04-2010, 12:02 PM
NY Times
http://www.nytimes.com/2010/07/04/business/economy/04econ.html?pagewanted=1&th&emc=th&adxnnlx=1278259302-opaj90g3U8IZosGGwv4kNg

Maybe this is a book everyone should read?

It seems like the two authors of this book harken back to Milton Friedman.

Looks interesting. The fact that it is historical based and not theory based gives it some credibility. Following theory without empirical historical support has led us to this point of collapse. i.e. Milton Friedman.

Gerry Clinchy
07-04-2010, 02:55 PM
Actually, deppity, these authors allude to Milton Friedman in a positive way WRT use of historical data v. "theory".

depittydawg
07-04-2010, 04:29 PM
Actually, deppity, these authors allude to Milton Friedman in a positive way WRT use of historical data v. "theory".

They did say something positive about Friedman in the write up. Although they took an entirely different approach. Personally I think you only need to go back about 100 years or so to historically prove Supply Side Economics is a bust. Balance, as in most things is probably the best road. Moving from supporting labor to capital as needs demand. Whether it be Friedman's theories, or the political opportunists seizing and twisting his theories of Supply Side Lazy Fare to rip off the system is debatable. But however you sum it up, it didn't work over the last 25 years or so that America has enacted it. In fact, it had led us to the economic calamity we now face.

Gerry Clinchy
07-04-2010, 07:34 PM
I'm thinking that without reading the book it's hard to guess what their conclusions are.