Yo, HO, I got my response to your fuckin post right fuckin here--
Short fuse busts again!
Translation: "Oh boy ... what do I reply to that ... my brain is exploding - I know, I'll just give an insult to make myself feel better". Going to ignore me again? Go ahead, the forum can do without your lame insults on topics you can't debate or share productive things with.
EDIT: Btw, do share your historic and liberal insights though, they are actually pretty good I have to say.
btw High Octane, who/what do you blame for the banking collapse?
You know, it's too much to write about, and I guess I honestly don't know enough about it as economists who work in the profession day in day out, but personally from all that I've read it would be on: Alan Greenspan, the SEC, terrible risk management across the board from mortgage lenders to the rating agencies/securitization and investors. However, I do not blame all the bankers, and the bankers who are accountable are just as accountable as the systematic sequence of events which are rooted from the imbalances with the saving glut in China (in my opinion).
You have to ask yourself: why do economic busts occur - why do black swans occur - and for that you end up into (at least I think) the realms of the human mind and its fallacies which apply to people in finance just as much as it does to everyone else. These are written well in the book
The_Ascent_of_Money and some of them include: availability bias, hindsight bias, problem of induction, the fallacy of conjunction, confirmation bias, contamination effects, the affect heurist, scope neglect, overconfidence in calibration, bystander apathy.
Personally, if you want an improvement, you need to educated people, all people in whatever profession, to really learn and know about all the limitations of the human mind. We are humans, the world is complex, capitalism is complex and it is just an inevitability that booms and busts will occur. But with knowledge and better control, the cycles can be made shorter so that the overall economic growth (yes, even from the 1940s) still will continue in lands that are politically stable and promote advancement.
Topic: "Benefit Scroungers"