Jeffrey Sachs: Burst Bubbles and the Recession

[psikeyhackr]

Psychology is the study of not thinking.

Of course if we don't make accounting mandatory in our schools this will encourage not thinking. Double-entry accounting is 700 YEARS OLD! How difficult can it be with today's computers? How many economists have suggested mandatory accounting in our schools in the last 50 years?

Of course th $300,000,000,000 that Americans lose on the depreciation of automobiles every year doesn't matter either. Oh yeah, our economists dont track that. What is NDP?

[malumalumalu]

Jeffrey Sachs is one of the few credible and knowledgable economists who sees things as they really are

[CrowdPleeza]

@malumalumalu

Isn't Sachs basiclly backing up what libertarians like Ron Paul and Steve Forbes have been saying about Greenspan's policies being at the root of the housing bubble?

[Antiks72]

@CrowdPleeza a bunch of people called it. . Krugman is another one. It was pretty obvious to those who were paying attention.