Greenspan Confronts the Death of the God of Self-Interest as Market Regulator

Those of us who have looked to the self-interest of lending institutions to protect shareholder equity, myself included, are in a state of shocked disbelief.

Alan Greenspan speaking before the House Committee on Oversight and Government Reform on October 23, 2008

Self-interest is the god that has also produced the biggest market failure of all time: global warming.

Can we now install a better god than self-interest to worship at the center of our economic life?


paradox 'n stuff

~
it's devinely simple, as well as develishly complicated: inquire within

see http://www.presencingglobalclassroom.com/courses/course_intro-theoryu-F0...

good luck to us all

Emil Möller
Netherlands

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