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Neoclassical Economics Is a Cult and a Fraud


By bgamall4   Follow   Tue, 5 Feb 2013, 12:19am PST   386 views   5 comments
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http://say-no-to-recourse-loans.blogspot.com/p/neoclassical-economics-is-cult-and-scam.html I cannot emphasize enough what a fraud Alan Greenspan was in both the S & L crisis and in the Ponzi Housing Bubble.

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Bubbabear   Tue, 5 Feb 2013, 1:40am PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 1

Alan Greenspan was the kingpin responsable for the distribution of RE "CRACK", that was distributed by the NAR to all the American SHEEPLE...

bgamall4   Tue, 5 Feb 2013, 1:46am PST   Share   Quote   Permalink   Like   Dislike     Comment 2

Billybigrig says

Alan Greenspan was the kingpin responsable for the distribution of RE "CRACK", that was distributed by the NAR to all the American SHEEPLE...

It was financial crack. The economic model that assumes risk is covered makes rosy assumptions. That is all that Neoclassical Economics is about, Rosy Assumptions!

Bubbabear   Tue, 5 Feb 2013, 2:39am PST   Share   Quote   Permalink   Like   Dislike     Comment 3

bgamall4 says

Billybigrig says

Alan Greenspan was the kingpin responsable for the distribution of RE "CRACK", that was distributed by the NAR to all the American SHEEPLE...

It was financial crack. The economic model that assumes risk is covered makes rosy assumptions. That is all that Neoclassical Economics is about, Rosy Assumptions!

...and their still peddling that Financial Crack to our "media biased" informed youth ...

errc   Tue, 5 Feb 2013, 2:46am PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 4

bgamall4 says

Billybigrig says

Alan Greenspan was the kingpin responsable for the distribution of RE "CRACK", that was distributed by the NAR to all the American SHEEPLE...

It was financial crack. The economic model that assumes risk is covered makes rosy assumptions. That is all that Neoclassical Economics is about, Rosy Assumptions!

That and conflating land, as capital.

Illogical assumptions, like perpetual growth, as well.

bgamall4   Tue, 5 Feb 2013, 2:50am PST   Share   Quote   Permalink   Like   Dislike     Comment 5

errc says

That and conflating land, as capital.

Yeah, to be tapped by a heloc.

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