On Sep 2, 2010, at 9:18 PM, Mike Beggs wrote:
> Arguing against an obsession
> with crisis and stagnation is not the same as denying the possibility
> or even inevitability of downturns. And it's still good advice.
I've known Patrick for over 20 years, and he's been predicting it the entire time. Stopped clock, etc. But, more importantly than who's right or wrong about predicting crisis, what does it mean now that we've experienced a serious one? (Not you folks Down Under, yet.) It's not like the masses are flocking to the crisis-mongers saying "How right you were! Let's abandon this crazy capitalism thing an embrace socialism!" The politics of all this have not shaken out in our favor, have they?
Doug