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 Posted: Fri Oct 15, 2010 11:24 pm Post subject: Marxist Thinking & Walmart-Friedman on Greenspan |
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PeakTrader said...
Marxist thinking is often limited to capitalist's gains are labor's losses. Wall Street may be the next Wal-Mart.
The Walton family, founders of Wal-Mart (creating or inheriting wealth):
"Collectively, the Waltons control over 39% of the company, and are worth approximately $18 billion each, for a combined total of $89.5 billion (as of March 2010)."
https://www.blogger.com/comment.g?blogID=28997633&postID=971224129832104907
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PeakTrader said...
Milton Friedman on Alan Greenspan.
Inside the Economist's Mind
An Interview with Milton Friedman
Page 115
Taylor: Well, whatever the break point is, why do you think things have changed? Why, as you put it, does the Fed seem to be operating the monetary-policy thermostatic regulator so much better now?
Friedman: I'm baffled. I find it hard to believe. They haven't learned anything they didn't know before. There's no additional knowledge...What I'm puzzled about is whether, and if so how, they suddenly learned how to regulate the economy. Does Alan Greenspan have an insight into the movements in the economy and the shocks that other people don't have? |
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