The Global Financial Crisis: Causes and Consequences
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@trevyn41 Good question and here is an answer. It is not competition or even greed which drives innovation but rather curiosity and an educated mind having the time and resources to explore. Examples: Michael Faraday, Nicolo Tesla and Bill Gates. All never considered competititon as the motivator for their innovations but rather the question "What is the problem and how can we solve it".
exenrontexas 2 months ago
My favorite Greenspan video clip is his testimony before Congress when he admits that his reliance on DEregulation and the myth that markets correct themselves was...WRONG. And since he was WRONG and IRRATIONAL on his reliance on OBJECTIVISM then MILLIONS of Americans and hundreds of MILLIONS of humans around the world paid a very heavy price.
exenrontexas 2 months ago
Greespan liar, crook, illuminatty bastard.
coflex09 3 months ago
this guy should have stayed a cobol programmer
auctionmusic 5 months ago
The collapse of export trade worldwide made this a global phenomenon. Inventories skyrocketed and production stagnated. 17 trillion dollar decline in stocks in 6 weeks froze economies by freezing credit. The business community squeezed the labor narket to minimize expenses. The Central Bank needed to take sharge and infuse money that could be lent to promotoe growth. I understand.
sem100brf 7 months ago
what the hell happened to this fucking guy... ayn rand would disown him
iflyboats 1 year ago
CFR is scum and should face traitors fate's.
CFR= One World Govt and the end to freedom in any form
Fuck you CFR
meushubris 1 year ago
@patnais102 wrong on every level. You can drive a model T if you think nothing has changed.
what causes innovation if competition doesn't?
trevyn41 1 year ago
Yep.
ryanonfire 2 years ago
dot com
Megamediaplex 2 years ago