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Home > General > The Cantina > [Politics/Econ] "What happens if we are wrong?"

[Politics/Econ] "What happens if we are wrong?"

 
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Aske
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[Politics/Econ] "What happens if we are wrong?"
« 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/...nces-if-cbo-is-wrong.html
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
MFAWG
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Re: [Politics/Econ] "What happens if we are wrong?"
« Reply #1 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.
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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
Aske
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Re: [Politics/Econ] "What happens if we are wrong?"
« Reply #2 on: April 05, 2010, 08:15:02 AM »
Quote from: 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.


http://business.timesonli...nomics/article7087558.ece
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
MFAWG
Rich Corinthian Leather Jacket

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Re: [Politics/Econ] "What happens if we are wrong?"
« Reply #3 on: April 05, 2010, 11:35:40 AM »

We have over a century of proof that that *feces* does NOT work, so:
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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
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