[lbo-talk] Goolsbee: subprime was pretty groovy (in 2007)

[Carrol Cox]

The assumption that borrowing by the poorest tiny fraction of the u.s.
working class could in any way lead to the current worldwide crisis is
so absurd that it is almost obscene even to consent to reply to anyone
who would seriously raise the possibility.

Discussion can only proceed on at least minimal shared premises -- as
every rhetorician since Aristotle has pointed out. There are no
conceivable shared premises with someone who wants to base this crisis
on "diversity."

Racism is too endemic and too destructive in u.s. life to admit racists
into civilized discourse.

Carrol