Tue, 5 Feb 2013, 2:46am PST
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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.