|
Title: [Politics/Econ] "What happens if we are wrong?" Post by: Aske on April 04, 2010, 08:11:12 PM I don't know, but it couldn't be much worse than the depression you worked us into, genius.
http://blogs.abcnews.com/politicalpunch/2010/04/greenspan-on-heath-care-costs-severe-consequences-if-cbo-is-wrong.html Title: Re: [Politics/Econ] "What happens if we are wrong?" Post by: MFAWG on April 04, 2010, 08:27:51 PM ALAN GREENSPAN: Well, remember that what an ideology is, is a conceptual framework with the way people deal with reality. Everyone has one. You have to -- to exist, you need an ideology. The question is whether it is accurate or not.
And what I'm saying to you is, yes, I found a flaw. I don't know how significant or permanent it is, but I've been very distressed by that fact. REP. HENRY WAXMAN: You found a flaw in the reality... ALAN GREENSPAN: Flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak. REP. HENRY WAXMAN: In other words, you found that your view of the world, your ideology, was not right, it was not working? ALAN GREENSPAN: That is -- precisely. No, that's precisely the reason I was shocked, because I had been going for 40 years or more with very considerable evidence that it was working exceptionally well. Title: Re: [Politics/Econ] "What happens if we are wrong?" Post by: Aske on April 05, 2010, 08:15:02 AM ALAN GREENSPAN: Well, remember that what an ideology is, is a conceptual framework with the way people deal with reality. Everyone has one. You have to -- to exist, you need an ideology. The question is whether it is accurate or not. And what I'm saying to you is, yes, I found a flaw. I don't know how significant or permanent it is, but I've been very distressed by that fact. REP. HENRY WAXMAN: You found a flaw in the reality... ALAN GREENSPAN: Flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak. REP. HENRY WAXMAN: In other words, you found that your view of the world, your ideology, was not right, it was not working? ALAN GREENSPAN: That is -- precisely. No, that's precisely the reason I was shocked, because I had been going for 40 years or more with very considerable evidence that it was working exceptionally well. http://business.timesonline.co.uk/tol/business/economics/article7087558.ece Title: Re: [Politics/Econ] "What happens if we are wrong?" Post by: MFAWG on April 05, 2010, 11:35:40 AM We have over a century of proof that that *feces* does NOT work, so: (http://img.photobucket.com/albums/v725/mfawg/KillitWithFireAliens.jpg) |