Oct 28
One of the cornerstone thesis of economics has been the theory that human beings are, by nature, rational people. This theory has been under attack by many modern economists, who in addition to looking at the wild risk taking (albeit government demanded and subsidized – ladies and gentlemen, let’s put a hand together for Chris Dodd, Barney Frank and the current Congressional leadership!) and the gullibility of those who fell for the easy and consistent returns of con men like Bernie Madoff have
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