[lbo-talk] me on Kuttner's latest

Charles Brown charlesb at cncl.ci.detroit.mi.us
Fri Jan 11 09:15:45 PST 2008


Meltdown risk is deepened by the scary way that world financial markets have come, in Keynes' famous phrase, to treat

real economic activity as "a byproduct of the activities of a casino."

^^^ CB; On the other hand, in a casino , the house has a kind of monopoly.



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