All Blog Posts Tagged 'crisis' (1)

Current Economics and some predictions

9/15-2008 was a 9/11-2001 for what was then the current leading school of Economics - New Classical interpretation of Neo Classical Economics. One of its greatest proponents, Alan Greenspan, publicly called it wrong. This has been the type of economics Western governments have run by for a while - the thing most people notice is the Central Bank changing the interest rate. Of course, Central Banks have always done these sort of things, but the methodology behind it changed…

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Added by Arcus on May 9, 2011 at 1:05pm — 1 Comment

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