Thursday, April 16, 2009

Minyanville posting: Antique Economic Theories: Priceless or Worthless?

excerpt from this week's article:
"What do you call a thousand economists chained together at the bottom of the ocean? A good start. (paraphrased from the movie "Philadelphia")

Most investors are largely unaware of the critical battle brewing for the soul of the global economy, driven primarily by the still-unresolved future structure of the finance industry. I introduced several key elements of this in my recent blog posting, In Defense of Financial Innovation. In that posting, I took the side of Secretary Tim Geithner in his quest to keep the financial infrastructure intact, while moving the regulatory ball forward toward..."

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