The US is sinking ... sinking ... sinking, page-64

Thanks timber, you could also say economists like Greenspan (or what was his 240 PhD economics boffs) never let the real world get in the way of a good economic model. We all know Greenspan believed the market was self regulating , which is the tip of the iceberg when it comes to understanding how wrong the assumptions are in the economist's models of "human behavior". Wouldn't be spending a lot of time on his musings myself, some how they seem a bit light on.

If your supply of something is unlimited and you can make the thing at the flick of a switch at essentially no cost, you would think that the value of the thing being created , is going to go down? Interesting world we live in

http://www.ft.com/cms/s/2/25ebae9e-3c3a-11e3-b85f-00144feab7de.html#axzz3FX5LwrXq